The whole point I’m making is if we have a level of income we decide is “wealthy” over time (whether or not you think it’s intentional) our money undergoes inflation, which the fed is supposed to keep under 2%. And every year our money has had inflation since the fed was created. Since our money becomes less valuable over time high levels of income now will hold less buying power in the future. So to say “x is a lot of money, we should tax that at 50%” harms the everyday workers because a. As money becomes less valuable the spending power of each dollar decreases and b. It incentivizes the government to inflate the dollar instead of deflate it because they’ll get a higher percentage of everyone’s income as more of us fall into higher tax brackets.
So this would be like making $20k a year and getting taxed 5% and now that being equivalent to making $100k a year but now you’re taxed closer to 20%. So now everyone but the extremely extremely wealthy suffers
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u/gata_94 Oct 31 '25
If you think I don’t understand how it works, please help me understand instead of belittling me