[medvezhenok]

Rich people can extract value - i.e. park $1B into S&P500, and reap $40M in returns every year. How much work did they do to do the above? Zero (if they inherited 1B). How much are they taxed on it? 20 percent of $40M = $8M.

Where as someone who worked 40 hours a week for the whole year and made $200K gets taxed... exact same 20% effective (federal), and another ~15% (employer+employee) in FICA.

Part of the value of paying taxes is to ensure that the people who's labor you're extracting value from don't rebel and rise up against you.

[callamdelaney]

You’re making up numbers. Nobody just gets a billy. Someone had to work very, very hard for that. That’s what libbies forget. Money isn’t given, it’s earned.