3 ms·
"very wealthy" is heavily understating just how ludicrously wealthy some of these people are compared to the vast majority, and it's reflected in historical num
by ambicapter 1y ago
"very wealthy" is heavily understating just how ludicrously wealthy some of these people are compared to the vast majority, and it's reflected in historical numbers.
- ehnto 1y agoI am wondering why "very wealthy" would be so stressed by increased taxes. Don't they have ludicrous wealth, shouldn't it have almost no material impact for them? Are there money games I am unaware of that means they are running brittle houses of cards and marginal percentage increases in taxes would topple their empires? I just don't understand the fear or concern, but I am not ludicrously wealthy so I suppose I wouldn't. If someone is truly strong then they have strength to spare for others. I guess I assume the same would be true of wealth, but perhaps you don't get ludicrously wealthy by being proportionally generous.
- ambicapter 1y agoThey are so ludicrously wealthy that even a very small increase in percentage points of tax ends up being a very large number, and no one likes to see a very large number of their “hard-earned” dollars get “taken away”. The marginal value of each dollar to them I don’t think is a calculation that is very accessible to our emotional human minds.