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That analogy doesn't really work when it comes to investing. edit: and if you're so wealthy that your tax rate is above 50% in this setup, it's probably fine i
by spywaregorilla 5y ago
That analogy doesn't really work when it comes to investing.
edit: and if you're so wealthy that your tax rate is above 50% in this setup, it's probably fine if you want to smoke weed and play xbox. That's not a concern for the bottom 99%.
- nickpp 5y ago> That's not a concern for the bottom 99%. It should be: top 1% of income earners pay 40% of all federal income taxes. Also, entrepreneurs capture only a few percent of the value they create - the rest helping move forward the society and everybody else. We, as a society, should encourage high contributors and value creators since we are all gaining from their work. Moreover, we should be extremely careful to not discourage potential high contributors through the populist measures we are taking.
- spywaregorilla 5y ago> It should be: top 1% of income earners pay 40% of all federal income taxes That's income. This question is about wealth.