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In the US and Asia, wealth is concentrating in a few individuals. Those don't pay welfare anyway and pay less taxes than me.
by otikik 1y ago
In the US and Asia, wealth is concentrating in a few individuals. Those don't pay welfare anyway and pay less taxes than me.
- positr0n 1y agoThis is a problem, but unrelated to what the parent is saying. If you taxed 100% of the wealth of all US billionaires it looks like it would pay for social security, medicare, and medicaid for about a year and a half. You still need a strong economy and middle class tax base to have any sort of welfare state.
- otikik 1y agohttps://en.wikipedia.org/wiki/Wealth_inequality_in_the_United_States https://en.wikipedia.org/wiki/Wealth_inequality_in_the_Unite... The top 1% of the people hold 30% of all the wealth. The top 10% hold 60% of the wealth.