We should tax the rich instead of deciding how many old people should be cut off of medicare.
Not taxing the rich is the same as handing them an entitlement, and it's much larger than anyone's SSI will ever be.
Not taxing the rich is the same as handing them an entitlement, and it's much larger than anyone's SSI will ever be.
If anything, it is remarkable how the same problem affects very culturally diverse countries in a very similar way (Japan, Italy, Serbia etc.)
Say the top 10% have 50% of the income. How much of a percent of the total tax burden should they be responsible for?
50%?
60%?
70%?
Say they have 20% of the income, how much of the total tax burden should they bear?
20%?
25%?
30%?
https://taxfoundation.org/historical-income-tax-rates-bracke...
Ie: out of all the income taxes paid, which proportion should be paid by the top 1% of people who make 20% of the income.
Those fortunes were built on the backs of our labor and creativity. And they have way, way more than 20% of the wealth.
100% is the only answer.
So that 80% of the income should pay 0% of the taxes?