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by danans
308 days ago
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> When the top 5% makes 3x more than the bottom 50%? The top 5% makes 38% of the total, while the top 1% alone makes 22%, per the same sources you just quoted. Yes, the ones who make the most can afford to pay the most in taxes. And this isn't even considering the wealth distribution disparity, which is even greater than the income distribution disparity. A lot of that is held in the form physical assets (property) and government debt. Financially, the wealthy own the government. In a way, a lot of the taxes they pay go back to them in the form of interest paid on government debt. |
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