I don't know, if you just redistribute ALL the wealth by murdering the 10% to the rest, what do you think will happen to the taxes ? What will happen to all that "the rich don't pay enough", when actually they paid everything, when it's time for YOU to pay ?
I think that's what all these people in the thread hint at.
Who do you think does most of the work across the country?
Stock owners aren’t actually doing much. They also aren’t paying high rates of taxes.
why wouldn’t one of these people think why is income tax different than capital gains tax to the extent it is.
Or why their limited money doesn’t allow them to earn money just for having money. While those top 10% can avg close to 10% a year on their saved money in the form of investments (before inflation, fees). Yet there’s no wealth tax or any other way to not make things seem illogical that the mere fact of having money begets more money.
Can these questions not be asked before either thanks or fuck you.
Do you have any sources around this info?
Agreed, and so is the title of the thread we are discussing.
> The wealthiest 10% of Americans own a record 89% of all U.S. stocks
There’s no breakdown of capital gains taxes. Or how much taxes are not captured because of loopholes or tax benefits that go to this segment or that segment of income level or wealth.
OTOH, I don’t know how many services come from local government that isn’t the federal government.
These are simplified examples/points. The point remains both the original stat and this one portray a skewed narrative.
I don’t think this changes anything for my original comment. One could say it even bolsters the case as it is another example of how misleading a quick stat can be.