Also something I thought based on the statement above. Poor people have at best a converging to 100% tax on their wealth, assuming that taxes collected would be

Also something I thought based on the statement above. Poor people have at best a converging to 100% tax on their wealth, assuming that taxes collected would be savings. If they were to be consumed it’s even worse as taxes eat into their survival. Edited to make it converging with the assumption they might still be saving a little.