Neo » 10 Jun 2021, 4:10 pm » wrote: ↑
Fair taxation would see those making 20% of the income paying 20% of the income taxes instead of 40% of the burden. We already have a progressive taxation system that puts most of the burden on the affluent. I don't think there is much call for "fair" taxation.
1. Your link talks about people making $540 k per year and lumps them in with billionaires, that’s insane. In a country of 350 million, the top 1% is about 3.5 million people. Out of THAT group, the richest 50 own far more than the others COMBINED. And THOSE are the ones who pay no taxes, that tiny fraction of the populace at the tippy top.
So yeh, millionaires are overtaxed. Billionaires are not. And even if they were, you are basing your whole argument here on income tax, which is merely a tax on liquid gains in one year. It says nothing about how the top .00001% own the media, the airports, the oil refineries and factories, toll roads, they basically own all the DEBT in the country (huge usury/interest $profits), all the land, the banks and other assets - including stocks which are taxed as capitol gains, a different bracket than income.
2. You are not a billionaire. If you were, you would be counting your money all day instead of posting here. So why do you advocate for billionaires constantly when their economic interests are in direct conflict with yours? You are like a battered spouse who makes excuses for the guy who keeps beating her ***
Jun 10, 2021
Go to original post on Jun 10, 2021 11:35pm