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by danans
301 days ago
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> Argue for higher tax rates and more enforcement all you want, but the fact is that the current setup results in a situation where the bulk of actual taxes collected come from the rich. As they should, because the rich are paid multiples or orders of magnitude more than the middle/working class and poor. That's possible because they make money by: - Owning capital and taking a share of the resulting productivity passively (the wealthiest of the wealthy) - Working at a level of abstraction in the hierarchy where their skills allow them to scale their income via technology or by directing the labor of lower skilled workers. - Working in elite supply-limited professions (i.e highly specialized doctors and lawyers, r&d in high speculation industries like AI). It takes significant financial, social, or education capital to be able to participate in the economy in either of those modes. As the income and wealth inequality trends have become more extreme, it makes sense that the wealthy should be paying an ever increasing portion of the tax burden, not a lower portion. Otherwise you end up with feudalism. |
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