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It’s not about paying taxes. The super rich don’t really pay taxes, and they don’t care whether the middle class pays taxes. It’s about regulation. The only th
by jonstewart 2y ago
It’s not about paying taxes. The super rich don’t really pay taxes, and they don’t care whether the middle class pays taxes.
It’s about regulation. The only thing that can counteract the super rich are government regulators.
- onlyrealcuzzo 2y ago> The super rich don’t really pay taxes, No. They often pay FAR less than an average person as a percentage, often times paying nothing for a year. In total amounts - most of them are still paying millions in taxes per year - most of them end up paying tens if not hundreds of millions in taxes over their lifetimes.
- jonstewart 2y agoThank you for agreeing with me. I think everyone else on HN understands how percentages work.
- johnnyanmac 2y agoYou'd be surprised these days. But we should not understate how much they fight for tax cuts. Deregulation is nice long term, but we're in "number go up" mode right now. Tax cuts would benefit them very quickly.