Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by JDiculous on Wednesday October 16, 2019 @09:15PM
(#21278028)
> the median (50%tile) wealth is nearly zero
That sounds way more alarming than whatever the median income is.
> the top income earners clearly have better lives than the low income earners, since the top income earners can consume more.
The top wealth owners clearly have better lives than low wealth owners because the former don't have to work, yet make more money and pay less in taxes than everyone else.
You haven't made a convincing case for why wealth shouldn't get more attention than income (or at least why it shouldn't get more attention, since the dialogue among politicians and in the media seems to exclusively focus on income despite income taxes being significantly higher than capital gains taxes).
That sounds way more alarming than whatever the median income is.
> the top income earners clearly have better lives than the low income earners, since the top income earners can consume more.
The top wealth owners clearly have better lives than low wealth owners because the former don't have to work, yet make more money and pay less in taxes than everyone else.
You haven't made a convincing case for why wealth shouldn't get more attention than income (or at least why it shouldn't get more attention, since the dialogue among politicians and in the media seems to exclusively focus on income despite income taxes being significantly higher than capital gains taxes).