Notice they start with only the progressive federal income tax, then don’t mention sales taxes, property taxes, fuel taxes and every other regressive tax? Because once you fill in the rest of the tax burden, it’s essentially flat. The top 1% takes essentially all productivity gains in the economy, while tax burdens are spread across the entire population.
While taxation isn’t the only answer, or cause, of the problem, it is part of the solution.
They also get far more benefit from police, military, legal protections and processes. As far as tax burden goes, they’re getting a bargain. Add in the regulatory capture of the labor market and they’re getting slaves cheaper than slavery. Except when they’re using actual slaves in our prisons.
Notice they start with only the progressive federal income tax, then don’t mention sales taxes, property taxes, fuel taxes and every other regressive tax? Because once you fill in the rest of the tax burden, it’s essentially flat. The top 1% takes essentially all productivity gains in the economy, while tax burdens are spread across the entire population.
While taxation isn’t the only answer, or cause, of the problem, it is part of the solution.
The rich use more fuel, but more things, etc.
They also get far more benefit from police, military, legal protections and processes. As far as tax burden goes, they’re getting a bargain. Add in the regulatory capture of the labor market and they’re getting slaves cheaper than slavery. Except when they’re using actual slaves in our prisons.
That is some weird logic. How do I benefit more from police or legal protections? I don’t.
That’s true, though at certain point you can’t consume even more and your consumption is nowhere proportional to your wealth.