Re:America's Growth Ponzi Scheme
by frockington1 on Monday May 18, 2020 @11:31AM
(#23223626)
The top 90% already pays the bulk majority of taxes. If you push them to hard you get what happened in France, a stagnant economy with no innovation as it all fled to countries with a more competitive tax rate
[ Parent
| on HN ]
I assume you meant the top 10%. They pay the majority of taxes because they earn the majority of the income and have something like 80% of the nation's wealth. There's little left to take from the bottom 90%.