No. You are not paying attention. Even at 100%, payroll taxes and for the most part capital gains taxes would not improve the chart you showed. Quite the opposite higher payroll taxes and higher capital gains taxes increases the percentage of wealth owned by the mega rich who have NO personal income to speak of and NO capital gains income to speak of. The only thing you will have accomplished is complete destruction of the middle class. See Cuba for an example of what you are asking for.I'll ask again, cause it just does not seem to be able to penetrate democrat skulls.The distribution of wealth is not the distribution of capital gains, or personal income. This is the part that you democrats can't seem to get through your stubborn skulls.What about the half in this country that don't pay a dime in income taxes? When are they going to pay their fair share of income taxes? Hate to break it to you but zero isn't a fair share.
Why do you choose to go after the 40% of Americans that only have 2 TENTHS of a percent of our total wealth when you look for additional revenue?
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Guess which slice of the pie I would look to for additional tax revenue?
The reason everyone should pay the same tax rates is so that everyone has some skin in the game.
In days gone by taxes were a percentage of wealth, for example a percentage of property, or cows, etc. Not sure why democrats don't understand the difference. Sales taxes and property taxes are ways to tax the evil rich. Capital gains and personal income taxes are ways to stop people from becoming rich.
Who said it was?
It shows where the money is....and it ain't with the bottom 40%
Why do you think higher personal income and higher capital gains taxes is going to change the distribution of wealth?
Good question
Less wealth is being left at the upper levels. Less to "trickle down" (in other words, less for them to pocket)
Now, what do we do with that wealth?
Should we just hand it to the poor and working Americans?
Nooooooooo....
We use it to reduce the burden of healthcare, we use it to fund education and post secondary education, we use it to improve infrastructure and create ....JOBS
By doing that we end up with less wealth in the 1% and more wealth in the 40%
Not sure why you can't fully comprehend that the rich don't have income, they have assets. Your chart is about assets, not income.