4 ms·
Your disdain for poor people is shocking. People need to eat to live and in most places in the U.S. food is taxed in a regressive way. The proportion of tax p
by yequalsx 14y ago
Your disdain for poor people is shocking. People need to eat to live and in most places in the U.S. food is taxed in a regressive way. The proportion of tax poorer people pay for food is much higher than for the very wealthy.
One must look at all tax receipts and not concentrate on income taxes. The very wealthy are not paying enough to sustain the system that they benefit from.
I did read the article. It wasn't clear if capital gains taxes were included. Capital gains are not income as far I know. I mentioned my ignorance on this point. Clearly I indicated reading the article. Nitpicking on this is also a red herring. The point remains that total tax receipts is the relevant statistic in comparison to total wealth. The top 20% of the U.S. control 93% of the financial wealth in the country. I don't think they are paying 93% of the total tax burden. Taxes are also at a 50 year low and so it's clear that the very wealthy can pay more and should.