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Not sure how that would work. Warren’s tax starts at a net worth above $50M. How would someone who is upper middle class pay for it.
by tempsy 7y ago
Not sure how that would work. Warren’s tax starts at a net worth above $50M. How would someone who is upper middle class pay for it.
- ghufran_syed 7y agoThe same way the AMT started as a tax on "the rich" and now regularly affects middle class earners
- jb775 7y agoIndirectly at first primarily via wage stagnation and inflation, then directly via additional taxes. Additional taxes will follow the same pattern as my original comment, further compounding the problem. We need to think about this issue from different scopes at the same time. The optimal solution is probably fragmented across a few of them, we just need to figure out how to put the pieces together.