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Sure, but how "heavy" is that redistribution though? Top 1% paying 30% of taxes sounds like a really rough deal for them at first, but if those 1%ers already o
by myrmidon 1y ago
Sure, but how "heavy" is that redistribution though?
Top 1% paying 30% of taxes sounds like a really rough deal for them at first, but if those 1%ers already own over 30% of your country in the first place (which is the case in the US), then thats barely their "fair share", and you are not really achieveing any redistribution at all.
How can you be certain that the problem is "progressive taxation is not working" instead of "taxation does not help against wealth inequality because it is actually barely progressive"?
- hnhg 1y agoAlso the top 1% covers everything from the very affluent middle class to billionaires - the distance from the least rich part of the 1% to the richest part spans billions, much greater than the rest of the distribution's 99%.
- cloverich 1y agotop 1% net worth is around 10 million says google. That's enough to live off and not need to work at any age. It's clearly not middle class.