4 ms·
focus all tax collection to top 1% If you do that in the USA, you're ignoring 79% of income. The top 1% earn a lot more than average but they're still small i
by cperciva 10mo ago
focus all tax collection to top 1%
If you do that in the USA, you're ignoring 79% of income. The top 1% earn a lot more than average but they're still small in number, and their collective income is only 21% of the total.
(And the USA is uncommonly high as regards income share received by the top 1%; Canada is at 11.5% and is fairly typical.)
- deleted 9mo ago[deleted]