Idiocy the second:
This is the wealth distribution in the US as of 2007 (and since then it's gotten more skewed, depressions favour the rich):
![[Image: U.S._Distribution_of_Wealth%2C_2007.jpg]](https://upload.wikimedia.org/wikipedia/commons/a/af/U.S._Distribution_of_Wealth%2C_2007.jpg)
Image from wikipedia for citations
As you can see the top 20% of the country held 85% of the wealth in the US back in 2007. Of course you can tax the wealthy they've got oodles of money, most of which is not being used in an economically useful fashion.
And the bullshit about them leaving in droves if we did tax them, that is an assertion unsupported by any evidence. They may try and pretend the money is somewhere in the Bahamas, or London, but a properly funded IRS would be able to figure out the three card montes and other card games the evaders play and tax the money before it's laundered through offshore tax havens.
Quote:We cannot tax the rich enough to pay off our debt or even enough to keep the government going long-term. Even if we could, the rich have the resources to flee the country for greener pastures if they're being taxed into oblivion.
This is the wealth distribution in the US as of 2007 (and since then it's gotten more skewed, depressions favour the rich):
Image from wikipedia for citations
As you can see the top 20% of the country held 85% of the wealth in the US back in 2007. Of course you can tax the wealthy they've got oodles of money, most of which is not being used in an economically useful fashion.
And the bullshit about them leaving in droves if we did tax them, that is an assertion unsupported by any evidence. They may try and pretend the money is somewhere in the Bahamas, or London, but a properly funded IRS would be able to figure out the three card montes and other card games the evaders play and tax the money before it's laundered through offshore tax havens.
Urbs Antiqua Fuit Studiisque Asperrima Belli
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