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.
Let's take a 50% general income tax.
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.
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.
