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re: What is your definition of socialism? And why or why not is it an effective system?
Posted on 1/16/21 at 9:19 pm to PacMan01
Posted on 1/16/21 at 9:19 pm to PacMan01
quote:
But I think our tax system is mostly fine barring the tax evasion that’s allowed for rich people.
You strike me as someone who just isn’t very well read on these topics. Please read up on this.
The top 5% of this country is paying 60% of the bill
The bottom 50% is contributing a total of about 3%
So when you say evasion, what exactly are they evading? Should the top 5% be paying 90% of the bill?
This post was edited on 1/16/21 at 9:19 pm
Posted on 1/17/21 at 12:53 am to WaWaWeeWa
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.
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.
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