income is bad. wealth is a lot worse. we are close to the robber baron days. anyways government is legal theft. at the end of the day, we need higher taxes to finance the lifestyle of old people, rich people do not finance the poor people. it finances the old sick people.
even if we do a flat tax. it is the rich people that pay. most people just pay a deminimis ceremonial tax.
top 1% prolly own 50% of all wealth. the min net worth of a 1% is 10m.
yet so much confusion on this thread on some of the concepts. but yes definitely nothing new. just nice to see all the charts in one place.
this isnt even the right thread. i recall i once mentioned the fact that real incomes have been relatively flat and it was highly contested. lol. just thought id post this since it supports my claims.