Quote:
Originally posted by Betarulz!
Yeah but the top 1% control as much wealth as the bottom 40% combined. And the top 13,000 richest families have almost as much income as the poorest 20,000,000 earners (all those zeros make that 20 Million).
Also, most people with an understanding of percentages are intelligent enough to know that 1% of 1000 is more than 1% of 100.
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True. I'm not saying that we should pay a flat tax or anything like that. It's just unfair to have comparably confiscatory rates to those that earn more. Yeah and 36% (the top tax rate I believe) at 250K/year is a hell of a lot more than 15% of 20K per year (or whatever the lower tax brackets pay).
Of course when you cut that 1% off of the 36% it can be made to look large. The fact is though that that person worked their butts off to get where they are and deserve to make more.
Unless you believe in communism.
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