3 ms·
If the top .05% have 30% of the wealth their taxes are too low. No sure what the actual numbers are, but it would be interesting to find out.
by bel_marinaio 5y ago
If the top .05% have 30% of the wealth their taxes are too low. No sure what the actual numbers are, but it would be interesting to find out.
- fennecfoxen 5y agoNo one is taxing wealth, though. They are taxing income. Please be aware of the fact these are different, that such wealth can be accumulated despite steep income taxes, and that even if such taxes are desirable NYC is not necessarily the jurisdiction which (a) is able to collect those funds, or (b) deserves to have them. Social engineering schemes at the city level have meaningful constraints.
- Chris2048 5y agoDoes that 30% wealth necessarily belong to NYC? It might not have been acquired there.