> .... which inevitably turns flying / vacationing far abroad back into something exclusively for upper class people
Is it not already primarily upper-class people vacationing far abroad?
Is it not already primarily upper-class people vacationing far abroad?
I don’t think of someone who makes $400k+ a year working as a software developer as necessarily upper class. In my view, upper class means someone who is financially independent and can afford to not work for money for a year or longer without a change of lifestyle.
Sorry but I think we need to be real. We are not the middle class. We are poor working class people. Most of the 10% is squarely the middle class. I'd imagine a big chunk of the 1% is middle class because one medical crisis could likely bankrupt them. Look at the wealth distribution graph.
https://upload.wikimedia.org/wikipedia/commons/5/5d/Wealth_d...
People from the Bay Area really need to get out more. Source: I come from the actual poor working class.
https://www.investopedia.com/financial-edge/0912/which-incom...
Saying that you're part of "poor working class people" when you earn in a year what a significant number of your compatriots wouldn't earn in a decade is a ridiculous thing to say.
I commend you for being outraged at the insane inequalities in our civilization and I largely share your concerns but you really need to work on framing that better IMO.
Remember when the big tech co's were conspiring together against their own employees?
"Apple and Google's wage-fixing cartel involved dozens more companies, over one million employees"
https://pando.com/2014/03/22/revealed-apple-and-googles-wage...
You're just buying into "The Man"'s propaganda to keep the working class divided, yo.
(It reminds me of a joke from Futurama. Leela gets a bunch of valuable stock and says, "Wow! I suddenly have an opinion about the capital gains tax!")
Anyway, I am "really middle class".
Heck, I was homeless for about four or five years.
When poor serfs complain about less-poor serfs I like to point out that it's the lords they should be grumbling about, if anyone.
Here's a bit from the Washington Post in 2017 talking about the difficulty of defining what is "middle class" in the modern era. They arrive at an umbrella of $35k-$122k. https://www.washingtonpost.com/news/wonk/wp/2017/10/25/is-10...
A salary of 2x expenses will put you in the upper class within 22 years (with average market returns), and passive income will fully replace the salary within another 8 years, but until then, that's still middle class.
Basically, if you can afford to invest 1/6 or more of your income, you can make it to upper class within your lifetime, and still have time left to enjoy it.
If it's primarily $400k+ software developers who currently vacation abroad, then that wouldn't be that strong of an argument against removing the tax incentives.
I am not opposed to a more progressive income tax. In fact, I firmly support higher income taxes on everyone. I could never run for political office in the US because how will I ever walk up to a constituent and say "I want to drastically increase your taxes?" and at the same time walk up to public sector employees and say, "I want to take away your benefits".
Yes, we need to address climate change. However, I think we also need to encourage travel so we can facilitate movement of people and ideas across the world. Not everyone who travels will change the world but I'm sure it can't hurt.
Someone making $400k/year should easily accrue the savings to do that.
If they're not after a year, they need to re-evaluate spending habits.