[jdasdf]

> The big flaw in his argument is that a mere 1% which is actually 20% of annual return is still less than the average income tax rate on workers

This is untrue btw

50% of people in the US pay effectively no net taxes

[SoftTalker]

No net income taxes.

They still pay payroll taxes, state taxes, sales taxes, and various other state or local taxes and fees.

[Terr_]

Right, the overall tax burden is closer to flat.

https://itep.org/fairness-matters-chart-book-on-who-pays-sta...

[everfrustrated]

Or put another way, are subsidized by others.

[triceratops]

Or put another way, they already make so little money it isn't worth taking any from them.

[blitzar]

> 50% of people in the US pay effectively no net taxes

Billionaires included, defence contracts and corporate subsidies count just as much as food stamps.