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What is the argument for making poor/working class folks shoulder the burden of taxes?
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this post was submitted on 29 Oct 2024
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To build off of this, if you collect $1000 in taxes from a million people and you've just pulled in a billion dollars. With 300 million people in the country that's a lot of tax dollars.
Obviously if you can tax 1000 out of every million dollars in wealth and individual earns in a year you can easily collect far more in taxes given how many multimillionaires will see their wealth increase by tens or hundreds of millions in a year.
This is all super reductive for simplicity. It's worth looking at how the super rich are able to avoid paying taxes. Are they not paying taxes because they're doing things with their money that is directly incentivized and generally better for the country than if they simply hoarded the same money, such as running the money through charities, clean energy installtions, etc? I'm honestly asking because i really don't know and I dont have the time right now to pull at that thread and research the question