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by outside1234 37 days ago
Where the OP got this wrong is by stating the top 1% vs. top 0.01%. It is entirely true that the top 1% pay a lot of tax. There are a lot of us here that are in the top 1% and god knows we pay a lot of taxes.

The top 0.01% however have access to vehicles that mean they can pay very little in taxes by taking low interest rate loans against huge amounts of capital. This 0.01% is the problem, not the 1%.

1 comments

I was at a dinner for the .01% the other night, and many of them said the problem is really with the .0001%, if they would just pay a fair tax, everything would be fine.

btw, the dinner with the .01% was 800,000 people, the room was pretty packed.And the food was not as good as you would think, and the service was lousy.

The .0001% is a lot smaller, maybe even 100x smaller, but it is still twice as large as the number of billionaires. A lot of the .0001%, in fact, about half, feel the real problem is with the billionaires.