1. “The rich pay most of the taxes”
Here is a Pythagoras-like fact that a lot of voters don’t realize or consider, when voting…. $
Due in (large) part to tech-enabled global WTMM e.g. “the Federer-Bezos effect” & non-wage/salary income (‘econ-rents’ & inheritances) & other ‘factors that accelerate economic inequality’ (e.g. buy many homes and charge rents, use $ to corruptly influence govt. policies, etc.)
The 1% to 3%
The % $
“$” refers to income
(or to wealth/assets)
“The rich pay most of the taxes”
Income & wealth taxes
(E.g. 21 % av. income tax rate)
Income & wealth taxes
(e.g. 19% av. income tax rate)
GOVERNMENT
What happens if you reduce the tax rates a little on the 97% and a lot on the 1-3% ??
Public goods (HG related)
Private income supplements “transfers”
Military (specifically governmental)
Debt servicing