What? Income taxes are far more painful for the middle class, because they prevent them from accumulating any wealth in the first place. And since the middle

What? Income taxes are far more painful for the middle class, because they prevent them from accumulating any wealth in the first place. And since the middle class spends most of its life trying to accumulate wealth, and only a small part of it living off it, income taxes make up a vastly larger share of what they will pay. Wealth taxes horrify the rich, which is why they try so hard to convince someone making 60k/year from their job, and 5k/year from their investments that taxes on the latter are what keeps them from becoming a millionaire.