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The ever shrinking middle class pays for everything. The poor are too poor and the rich have the resources to figure out how to avoid paying.
by chasd00 4y ago
The ever shrinking middle class pays for everything. The poor are too poor and the rich have the resources to figure out how to avoid paying.
- throwawaymaths 4y agoThis is a misconception. Everything is paid for by inflation. This hits the poorest the hardest.
- Wyoming23 4y agoThis common sentiment isn't really true in general, but led to a great deal of amusement for me in a previous life in wealth management. We constantly got clients who were newly rich and believed there were all sorts of tricks and loopholes that would allow them to avoid paying taxes. They'd come to us with ideas about trusts, shell companies, charitable organizations, loans, whatever, and inevitably leave frustrated and disappointed when they learned the really was no way to use their new wealth without the government first taking half.