The wealthiest 10% of Americans own a record 89% of all U.S. stocks

Re:The wealthiest 10% of Americans own a record 89% of all U... by RC_ITR on Monday October 18, 2021 @12:35PM (#28907447)

Because almost everyone who purchases anything pays 'sales tax' and almost all homeowners pay 'property tax,' but the problem we care about is income/capital gains tax evasion.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by skinnymuch on Monday October 18, 2021 @12:40PM (#28907506)

If that’s the problem that is cared about. Are you saying going after the lower socioeconomic class of America is how to get back those evaded taxes?

The narrative in general for the statistic is about lower socioeconomic people. If this was a good faith caring about tax evasion. Why would the focus be on the people with the least income and wealth?

I don’t think it would be if that was really the problem being cared about.

And yes the sales tax is part of the point. To give nuance to such a simple statistic.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by AniseAbyss on Monday October 18, 2021 @12:57PM (#28907721)

We are going back to a time where the church and nobility are exempt from taxation and the monarch in desperation keeps squeezing the peasants.

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Re:The wealthiest 10% of Americans own a record 89% of all U... by RC_ITR on Monday October 18, 2021 @02:04PM (#28908768)

Yeah, Brookings or whatever cesspool that made this left out those taxes as part of their narrative.

I included them to counter that narrative and the you RAN with my intent.

EDIT: To that point, you can absorb statistics from an organization but still disagree with their editorializing.

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