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Which is why taxation needs to get higher for higher incomes (no matter what kind), which would flatten that curve. Otherwise societies always end up with only
by mgoetzke 7y ago
Which is why taxation needs to get higher for higher incomes (no matter what kind), which would flatten that curve. Otherwise societies always end up with only token upward mobility and de-facto aristocracy.
Often taxation gets to its highest point at the basically high average household level though. In Germany for example top income tax is ~41% and already starts at about 4500EUR / month.
But actually rich people pay a maximum of 25% on interest/shares etc because they don't actually have a salary.
Basically politicians and common people are being played. The 'richer' middle level incomes are played against the lowest income levels while the really top levels in Enterprises and the Ultra-rich are never mentioned. On the contrary, companies especially play the 'jobs' card to get to pay even less taxes.