4 ms·

Income != wealth

• pmiller2 7y ago
  Indeed, many billionaire and multimillionaire CEOs famously take a salary of $1. Bezos takes a salary of around $80k, IIRC. And, I'm not even sure if Bill Gates is taking a salary at all these days.
• eanzenberg 7y ago
  Income is taxed.
  • tfehring 7y ago
    But the top 1% own much more than 37% of the wealth (and accordingly receive much more than 37% of the financial benefits of government spending) while only paying 37% of the taxes (which fund that government spending).
    • Anon1096 7y ago
      > and accordingly receive much more than 37% of the financial benefits of government spending what?
      • kalleboo 7y ago
        They wouldn't have all that wealth if it wasn't for infrastructure, an educated population, a stable political situation, continual bailouts, and the world's largest war machine.
      • pjmorris 7y ago
        e.g. aircraft carriers
  • UncleMeat 7y ago
    The wealthy produce more income via capital gains, which are taxed at lower rates. They also have greater access to tax deferred and tax free options. A married couple of high earners with a good retirement plan at work can put nearly 150,000 annually in accounts that grow tax free.