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I’d happily pay more taxes if it meant my country had healthcare and education.


Me too! But nobody is fixing to materially raise my taxes. Somehow, “the top 1%” became “the super wealthy” and “billionaires,” and engineers and lawyers and doctors continue to enjoy tax rates that haven’t materially gone up since Reagan.

If you’re not going to significantly raise my taxes, and instead are ranting about the “super wealthy,” you’re just cosplaying about universal healthcare and free college. The math doesn’t match. People in the top 1% of the wealth distribution have an average wealth of $18 million: https://taxfoundation.org/blog/super-rich-pay-effective-tax-.... They have an average AGI of about $1 million/year. The total income for this segment is about $1.8 trillion. You could double their taxes to over 50%, and that would bring in less than $500 billion a year. It wouldn’t even get halfway to closing the deficit, much less paying for universal anything.

Meanwhile, people in the top 10% have an average wealth of $3.8 million, and average AGI of $273,000. Their total income is $4.9 trillion. So the people outside the top 1% but inside the top 10% reflect a potential tax base of $3 trillion. And we refuse to raise taxes on these people.




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