Exactly. If you live in a major metropolitan area, or own a home that has rapidly appreciated, well, it all adds up quickly. Also consider: import taxes raise

Exactly. If you live in a major metropolitan area, or own a home that has rapidly appreciated, well, it all adds up quickly. Also consider: import taxes raise the price of goods, and thus are a wealth transfer from consumers to producers. Sugar is the classic example: import tariffs increase the effective tax burden of the lowest income quartile substantially, as they spend a larger percentage of their income on food. Anything with high fructose corn syrup, sweetener, or sugar is more expensive. And the corn farmers get that money.