4 ms·

You’re right. Workers now pay a higher tax rate than Capital owners: https://www.washingtonpost.com/business/2019/10/16/us-now-taxes-wages-higher-rate-than-cap

You’re right. Workers now pay a higher tax rate than Capital owners: https://www.washingtonpost.com/business/2019/10/16/us-now-taxes-wages-higher-rate-than-capital-fueling-income-inequality-study-finds/ https://www.washingtonpost.com/business/2019/10/16/us-now-ta... What I want is for the value workers create to be returned to them, not hoovered up by the wealthy in some distortive, unjustifiable scheme that prizes Capital ownership over everything else, including the lives and well-being of the majority of citizens.

manigandham 7y ago
Sure, I agree with removing capital gains taxes. Remove corporate income tax too. That would eliminate a lot of the discrepancy and tax loopholes. But tax rates are meaningless otherwise. The top 1% pay as much as the bottom 90% combined, and the bottom 40% pay nothing at all.