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A comment on How to brazenly steal $100B from Medicare and Medicaid. Parent comment

Re:How to brazenly steal $100B from Medicare and Medicaid by voisin on Thursday March 09, 2023 @11:52AM (#35083380)
Because taxes are meant to keep you as a serf.
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Re:How to brazenly steal $100B from Medicare and Medicaid by black6 on Thursday March 09, 2023 @01:15PM (#35084612)
Yup. The income tax was fundamentally designed to prevent the accumulation of wealth.
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Re:How to brazenly steal $100B from Medicare and Medicaid by dragonwriter on Thursday March 09, 2023 @01:23PM (#35084709)
> The income tax was fundamentally designed to prevent the accumulation of wealth.

Progressive income tax in the abstract was conceptualized to prevent the concentration (persistent inequality of distribution) of wealth, not its accumulation.

The actual US implementation has been tuned very carefully to avoid doing even that, via (among other mechanisms) the preferential treatment of capital gains.

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