3 ms·
If we're talking about the USA, the USA is one the developed countries with most inequality, both income and capital. Way more than in France anyway, where I li
by frenchman99 4y ago
If we're talking about the USA, the USA is one the developed countries with most inequality, both income and capital. Way more than in France anyway, where I live. Even though USA has way lower tax rates than France (about 30/35% vs 45/50%).
Although not perfect, taxes work quite well in France to reduce inequality. And the low taxes in the USA have the effect of helping a handful of super wealthy whilst leaving a lot of poor people behind, without access to good higher education, medical benefits, etc.
High earners and capital owners should most likely be taxed more in the USA, so the gov can redistribute have a better education & healthcare system, if the USA is to reduce inequality and become again the land of opportunity it once was.