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this post was submitted on 19 Jan 2025
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Which is why we need an update to the tax system to add brackets to cover the entire range of income, then redefine them based on percentages off the median, with the highest bracket set at 95% or more for the highest 5% of earners.
Wait! The wealthy have gamed the system with their social capital and financial instruments. Why should they pay their fair share when they didn't actually earn it in the first place?
They have sacrificed to give us an important lesson. That the system is rigged and unfair but we would have never known this without their bravery.
Surely they should be rewarded for breaking aka cheating the system!?