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I like how you lump it up to top 10%. The top 1% of Americans pay 37% of the tax burden yet own over 60% of the wealth. They are grossly underpaying. Cutting
by tw04 6y ago
I like how you lump it up to top 10%. The top 1% of Americans pay 37% of the tax burden yet own over 60% of the wealth. They are grossly underpaying.
Cutting entitlements and putting MORE of a financial burden on people who have nothing isn't going to fix the problem. AT BEST it'll result in massive social unrest and the end of the American Experiment.
"I know you can't afford healthcare, and can barely afford food, but we're going to need to take away your food stamps, and your subsidized housing because Larry Ellison just can't afford another 1% increase in taxes". That's what you're going with?
- czbond 6y agoA person is a person, fair and square to be treated equal - until we can extract more from ones pocketbook.
- mullingitover 6y agoI would look at it as the surcharge on protecting a person's wealth. A person with no wealth doesn't need to have their wealth protected. A person with a great deal of wealth enjoys the benefits of taxation, having their wealth protected from the starving mobs outside their estate.
- unethical_ban 6y agoA person is treated equally. If a person is poor, they get taxed little. If that same person becomes rich, they get taxed more. Money isn't a protected class. Why do you act like it is?
- kortilla 6y ago> The top 1% of Americans pay 37% of the tax burden yet own over 60% of the wealth. Your statement confuses wealth with income.