As I've discussed the idea of taxing the rich more, there has been some, well, pushback. That these people are paying more than their fair share, that they provide all of the income for the government, etc, etc. Here's the thing, the fundamental things - whenever a rich person it taxed almost any percentage of taxes, they will have more than enough income to live on, this is not always the case with poor people.
So why are the poor entitled to the money the rich have earned?
Yes, the rich are able to theoretically pay more tax, because their base costs can be super easily covered. But why should this be happening? Why are you forcing them at the government's gunpoint to pay more?
Furthermore, let's assume that Biden's 15 dollar an hour minimum wage passes - that's 15 dollars times an average workweek of 40 hours, multiplied by four for your gross monthly income. That's approximately $2400, so, to deduct that 50% income tax, you get 1,200 dollars. According to Statistica
, in January of 2021 (the last recorded data point), that is an overall cost of $1,124... so - rent
- costs nearly your entire gross monthly salary - and that's not even considering if you have kids, or any other bills you have to pay, like internet, car insurance, health insurance, utilities, etc, etc. And this is all
presuming that the minimum wage is increased to 15 dollars an hour.
So what? Who cares if the poor aren't able to afford "average" rent? Poor people have to bunch up with other people to pay rent, pick below "average" rent areas, or become more employable so they can command wages better than minimum wage. No one is entitled to housing, let alone "average" housing. If you're so worthless to a society that you can't make over minimum wage, then you're in not position to demand better housing, especially if you stupidly had kids you can't afford to raise. Stop making rich people pay for your incompetence/mistakes.
According to Pew. Research and Business Insider
, the median interest of the group considered the "rich" is $187,872 - to be charitable, we'll round down to 185,000 dollars annually. So dividing that number in half, we get 92,500 annually, and 7,708 monthly.. which, is enough to pay what Statistica reports as the average rent for a house of more than 5 people, more than four times over
- so- to say that a tax will affect each level of income earner the same is to not understand what fractions can do to different proportions. This is, fundamentally why, the rich ought to be taxed more than the poor. Not to make them also struggle, but to overcome this basic principle of proportionality.
If you're not contributing substantially to America, then perhaps you don't deserve housing.
Your entitlement complex is ridiculous.