(12-20-2024, 10:28 AM)The Real Marty Wrote:

(12-20-2024, 10:18 AM)TDOSS Wrote: One million seconds is 11 days. One billion seconds is 31 years. There are plenty of dupes to go around.

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The top 10% has 95% of the wealth in the country. Shouldn't they be paying 95% of the taxes?

We don't tax wealth.  We tax income.  And for very good reason.  Wealth is an estimate, and taxing wealth would lead to endless arguments and court cases.  Income is measurable.  So it is much easier to tax.  

Also, the top 10% does not have 95% of the wealth.

And not quite, they are moving in that direction. I just looked and it is closer to 60% while the top 0.01% is at 14% while the bottom 50% has 3% of the total wealth..

These numbers are meaningless by themselves.
If you want make valid comparisons, you need to also consider how much of the overall income each group receives, and how much of the overall wealth they own. It is absurd to imply that the wealthy are somehow getting screwed over.

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