wayne, here we see data that shows that for tax year 2020, the top 1% had 22% of total national income, yet paid 42% of the total national federal income tax.
In other words,,their share of the national tax burden was just about twice as large as their share of national income.
The tax code can likely be tweaked to make it more fair. But it’s already very, very progressive. Trump increased the number of people
at the bottom who pay nothing, by doubling the standard deduction. You should celebrate that. but we know why you won’t.
https://www.ntu.org/foundation/tax-p...s-income-taxes
in a growing economy, wealth inequality has to increase, because the wealthy have more to invest. You can’t prevent that, and there’s no sane reason to try. would you support a law that makes it illegal to work or invest after someone becomes a billionaire?
one persons wealth, doesn’t hurt anyone else, assuming they didn’t steal it. the liberal fixation of the wealthy, who today are mostly liberals.
The democrats ran the show for two years, how come they didn’t do anything to fix it?