re: What is your definition of socialism? And why or why not is it an effective system?

What I’m saying is I don’t think the top 5% should even have to pay 60% of the bill. If the bottom 90 percent of families hold less than one-quarter of all wealth, its no wonder tax rates are so progressive.



If wealth inequality is so large that it comes to that, there’s problems that exist in society outside of taxes. Considering the top %1 holds %40 of the wealth and have around %43 of the tax burden sound somewhat fair to me. Couple that with the fact that the top %1 benefit the most from government investments and subsidiaries, its no surprise that they would have a heavier burden. That said, I think the glaring wealth inequality is the much larger issue and progressive taxes is like putting a lousy bandaid on it.