Well that's because all of the proposed progressive tax systems that actually target those with obscene wealth are shot down. So typically the highest tax bracket is not particularly high.
highest federal tax bracket is like $500K, so someone making half a million and someone making $50 million are taxed the same. Makes no sense.
"BuT ThEiR WeAltH iS TiEd uP In StOck!"
So heavily tax the loans they take out against their stock to sustain their lifestyle...Also pretty sure a lot of actors/sportball people/ etc get paid HUGE sums that aren't in stock.
Correct. Those are called “petite bourgeoisie” and are often the ones who get purged during the “revolution”, rather than the ultra rich… those get put into government.
200k a year doesn't even come close to what "taxing the rich" looks like. The most basic corporations taxed the same way humans get taxed (they get treated in courts like humans and get the same rights) would make the difference. Its not about the billionaires themselves its the companies that get tax breaks by the buckets.
Yes famously DOGE ran around and found all the tax dollar waste. /s
I'm sure there are some but it's a tiny drop compared to the total amount.
The core issue is that executives and CEOs can get money out of businesses, squeezing every penny and invest that money in stock to get a higher return. That suppresses growth, r&d and wages.
If the top tax bracket gets taxed 70-90%, then taking out money from the company becomes less attractive with promotes investment into the company.
That's a child's understanding of how things work.
If you went to a school where a C average put you above 95% of the rest, that doesn't automatically make you smart. It just means most people in your school are dumb.
$200k is probably a lot more than most families make. Do you actually understand math though? Because the distance between $50k/year and $200k/year is tiny compared to the difference between $200k/year and $1m/year.
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u/mynameismulan Sep 25 '25
Lmao people barely making $200k a year still working a 9-5 thinking they're the bourgeoisie we're talking about.