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> Yet, few of us forego our comforts and vacations when that could measurably help many with basic life necessities. Paying for those comforts helps pay for th
by danans 6y ago
> Yet, few of us forego our comforts and vacations when that could measurably help many with basic life necessities.
Paying for those comforts helps pay for the basic life necessities of those who provide the comforts.
> If you contribute 20% of your salary to charity, you're already in the significant minority, leave alone higher ratios.
Few common workers can afford to contribute 20% to charity without living paycheck to paycheck.
This is what progressive taxation is for. The marginal utility of money for funding the basics of life diminishes as you move into the .1% of the income/wealth distribution, which is the argument for taxing those people more. The marginal utility for political power, however scales up with wealth, which is an even more compelling argument for strongly progressive taxation.