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At least in the US you need to consider tax policy. Chances are that the top 1% pays less in taxes than a big chunk of the other 99%. This means that the top 1%
by annoyingnoob 4y ago
At least in the US you need to consider tax policy. Chances are that the top 1% pays less in taxes than a big chunk of the other 99%. This means that the top 1% get to keep a larger portion of their income every year, over time this is a slow funnel of money from everyone else to the top 1%. We've had 40 years of this tax policy and the wealthy just keep getting more wealthy on the backs of everyone else.
The structure of the tax system is not fair and that skews all of the results. Capitalism does not require unfair tax policy that benefits top earners.