Re:Who Are the Top 1 Percent in America?
by nerdponx on Thursday December 28, 2017 @03:03PM
(#16024491)
Not just given "to the government", but spent on public works, social safet nets, and other forms of productive redistribution.
And yes, I think 10% off of $50 million is plenty fair. Yes, you earned that money, and I bet you would use it productively instead of blowing it on a yacht. But there are homeless people freezing to death on the streets of New York today. Don't you think you can spare a little?
Fundamentally, like I said, I agree that the top 1% by wealth is different than the top 1% by income. Perhaps we should tax income using tax brackets that scale with net worth.
And yes, I think 10% off of $50 million is plenty fair. Yes, you earned that money, and I bet you would use it productively instead of blowing it on a yacht. But there are homeless people freezing to death on the streets of New York today. Don't you think you can spare a little?
Fundamentally, like I said, I agree that the top 1% by wealth is different than the top 1% by income. Perhaps we should tax income using tax brackets that scale with net worth.