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Old 09-22-2021, 03:40 PM   #107
RichieRich
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The number of “rich” people is a fraction of the middle class, who, arguably, have more disposable income than the “poor” class. Tax the very rich it’s a relatively small Piece of the pie compared to taxing the massive middle class. For example adding 1% extra tax to 10 million people gains more income than an extra 1% from 100,000 Uber wealthy PLUS those Uber wealthy may just pick up all their marbles and move.
What is NOT politically correct to talk about perhaps are…. Er… never mind. I’ll get shot if I mention tax on the low income earners when they see substantial societal handouts from the government.
What can be done? Like others have suggested is generational tax on estates. Also moreso is the concept of consumption and luxury taxes - aka voluntary tax. For example on high end equipment, cars, homes, certain non essential consumables, etc…
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