The point is that it's the ultra-wealthy you need to be concerned with.
This isn't just an issue like bribery it's more insidious then that: when your political leaders spend most of their "leisure" time in the company of these people, they adopt their values, listen to their thoughts and give everything a favorable view - more of hearing then you and I will ever get.
After all it's hard to be down on a guy who's put you up for the afternoon at his mansion, and even though you know it's a bad look to take him up on it it sure is nice he keeps offering the master guest suite if you want to stay the night.
We won’t solve inequality by taxing the billionaires it’ll be from taxing the upper-middle class. Just like the states with more equality in Europe do.
If you’re in the top 25% of income you’ll need to make some sacrifices if you want to solve the problem.
Just by taxing that top 10% (roughly people who earn over 200k/yr), the government would get access to 85% of all the nation's wealth.
What is "55%" if not "most of the wealth"?
I forget the exact statistic, but did you know that something like 70% of those on the Forbes 400 Richest list are entirely self made? Did you know that the vast majority of millionaires in the US received $0 in inheritance, and far more received less than $10k? The rich, by and large, made their wealth in their lifetime with their own means.
I say this because we need to make better arguments and be more honest with the situation. No, we aren’t entitled to the money of the rich just because “they have too much” or something. Redistribution is desireable because the economics are fundamentally changing with winner take all economies, regulatory capture, the ability to influence government policy with wealth, and the massive increase in the general welfare achieveable with stronger redistribution.
Getting mad at rich people because they have bigger numbers in their bank account is a weak argument, disingenuous, and immoral. The truth is much simpler: redistribution results in a more successful society.
Also, please don't assume my gender.
Edit: Pony up for what? It's not a zero sum game.
Edit: Lol, I am a "He dude". :)
Nope. Sorry (she/he/they) dude. You don’t get to point up the ladder and say “i’m not rich, but that guy is”. Reminds me people who define someone with an alcohol problem as a person “who has one more drink a day then I do”.
If you’re an engineer at Google and making $450k you are wealthy, you are a part of the “rich getting richer” and yes, if you want to solve inequality you’re going to have to contribute in a big way.
Edit: And no, your original post said “go after the billionaires”, not the engineers. Sorry, just because billionaires have more money than you doesn’t mean you’re not rich. Sure, the engineers making $50k get a pass. But over $100k? That’s double the median salary in the US. Time to pony up.