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Who will swallow the Corona virus debt? The rich or the poor?
#35
RE: Who will swallow the Corona virus debt? The rich or the poor?
(December 1, 2020 at 8:49 am)The Grand Nudger Wrote: When you say The Tax System™ you'd have to be more specific.  Tax the poor to feed the rich?  If necessary, I could bust out some explicit graphs of how our tax code has been intentionally designed to do this, and being so - the predictable effect has been a loss of wealth at the bottom and an immense increase at the top.

The middle class takes on the largest tax burden.  The rich have many ways to increase wealth while paying little tax.  The poor don't have the money to tax (well, except for booze and cigarettes).

Yes, rich people do actually pay half the taxes, but its still a small percentage.  If you tax them too highly, they will either leave or pay a politician to reverse it.  The rich don't have to sit there and take your taxes, but the middle class does.
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RE: Who will swallow the Corona virus debt? The rich or the poor? - by HappySkeptic - December 1, 2020 at 2:34 pm

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