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by aianus 3904 days ago
> 1 person making 100x more than an average person is going to pay less net taxes and will buy fewer things (even if it's more expensive stuff) than 100 people.

This just isn't true at all.

The top 1% of earners in the US pay more tax than the bottom 90% combined. Sometimes rich people pay a smaller percentage of their income than less-rich people but in absolute terms poor people and middle class constitute a minority of the tax base.

1 comments

...he was talking about net income and personal expenditure. You're talking about income tax. They're different things. 1 person will buy less than 100 people.

Incidentally, the top 1% pay more tax, in absolute terms, because they earn more than everybody else. What's your point? That's how percentages and progressive taxation works.

Its not necessarily true that 1 person will SPEND less than 100 people.