Re:Modeling a Wealth Tax
by yalogin on Tuesday August 18, 2020 @10:43AM
(#24199172)
This is just a political distorted stats view of the reality. It doesn’t help encourage discussion. You very well know that the wealthy pay a larger share because they own the larger share of the wealth. The 50% pay zero as you claim because those poor suckers don’t even own enough to qualify for the tax bracket.
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It is not a political view of reality - it is an argument against the current reality. I'm suggesting subtly that we tax the person, not the wealth. That is only accomplished in one of two ways: Tax everyone the same, a high amount due to a costly government. Or lower the overhead cost of government and services until everyone can pay equally - as I believe it should be.