The republicans have convinced the upper middle class that we want to tax them more.
Perhaps we should be saying tax the super rich instead of just tax the rich.
7
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That's the probablem in America - most people making $100k a year think they are rich. That's the trick the 1% play when they are actually making over $500k a year. Most of them could retire at any moment and make upper 5% salary from investments alone.
prometheus
Level 7
Sep 16, 2020
1
@floWteiuQ There is another distinction that is also important and not understood by most Americans. That is the issue of who is part of the economic elite and who isn't. If you are a trust fund baby or otherwise rich enough to not have to work in order to live comfortably, you are part of the elite, whether you do work or not. If you have to work to survive or live comfortably, you are not part of the elite.
No kidding , we had a strong middle class in the. 50's when top tax bracket was much higher until Reagan . Even some billionaires say they should be paying more, since they pay less than their secretaries
bobwjr
Level 10
Sep 16, 2020
2
Funny how that time of great economic opportunity and equality (for white men and their families) corresponded to those sky high taxes on the rich. And yet they still made out very well, by and large did not leave the country in droves, and wealth trickled up to them instead of trickling down.
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