Bill Gate's Solution to Income Inequality

[Chad32]

More bullshit from the Upper 1%

Consumption tax is a tax on any money spent on goods or services. The basic formula is to take your yearly income and subtract your saving and investments.

Cons: Well, the problem is that, while in absolute dollars the consumption tax hits the wealthy more, in relative terms it will swallow every cent of the poor's money. Why? Because the poorest Americans save nothing on average, being forced to spend every cent they make to survive. It's this fact that keeps them from having to pay taxes, and this fact that would make a consumption tax on them equal to 100% of their income.

Fuck you, Woodie. Go back to sucking Koch Kock.

I caught on to that too. Poor people don't save much, if anything. They can't. So they use almost all, or all, their money to consume.