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It’s easy to determine what income would be if everyone made the same amount - average income, which is $72,000 per worker. That includes everyone who filed a
by refurb 1y ago
It’s easy to determine what income would be if everyone made the same amount - average income, which is $72,000 per worker.
That includes everyone who filed a tax return from the kid working at McDonald’s to Warren Buffet.
Not sure what you’d call a comfortable life but a single mom making $72,000 per year would be struggling in many major cities.
- al_borland 1y agoPeople don’t become ultra wealthy from a high income, they generally own a business that increases in value.
- refurb 1y agoSure, but the only way they can access that wealth is to sell ownership, which would produce income. So all those people who sold $100M businesses are included in that $72,000 figure.
- blharr 1y agoWhat a complete non-sequitur. A wealth cap of, say, a billion dollars would have none of the same implications
- refurb 1y agoIt’s not a non-sequitor. The comment I replied to referenced a “wealth cap” and “redistribution” so “everyone could have a comfortable life”. My point is that take to an extreme of equal redistribution to everyone, people would end up in a barely comfortable position.
- blharr 1y agoYour point is that too much of something to an extreme is bad. That's true of everything. What's the point?