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re: How much wealth do you need to join the 1% club in your country?

Posted on 2/29/24 at 11:22 am to
Posted by saint tiger225
San Diego
Member since Jan 2011
37422 posts
Posted on 2/29/24 at 11:22 am to
I guess I'm more of the opinion governments should spend less instead of taxing more.
Posted by fareplay
Member since Nov 2012
4978 posts
Posted on 2/29/24 at 11:23 am to
The aggregate of taxes can stay the same but the distribution of the burden should be more weighted on wealth and not income. A billionaire can have 0 taxes if he chooses not to have income.

Us w2 people can’t do that
Posted by Taxing Authority
Houston
Member since Feb 2010
57517 posts
Posted on 2/29/24 at 11:47 am to
quote:

I guess I'm more of the opinion governments should spend less instead of taxing more.
Clearly. If they took every dollar of income >$1 million, it wouldn’t even balance the current budget.
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