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> Tax rates decrease at the very top of the income spectrum because our tax codes make a deliberate choice to preferentially tax investments and capital gains.
by elfexec 7y ago
> Tax rates decrease at the very top of the income spectrum because our tax codes make a deliberate choice to preferentially tax investments and capital gains.
Our tax codes were written by people working for the wealthy. Our tax codes make a deliberate choice for a reason.
> That's why almost every tax code in the developed world has that feature.
You mean the wealthy in the developed countries like preferential tax treatment?
> I don’t think you can just assume the only reason for that is the super wealthy having disproportionate political power.
They may not be the only reason, but they are the major reason. In a capitalistic society, political power is subservient to and works for those who have and control capital.
The tax code didn't write itself. Who do you think the tax code was created by? Who do you think the tax code was created for? The janitors and street vendors?