Oh, so that’s not INCOME. That‘s net worth. You want to tax people according to assets, even if they don’t throw off income?No they don’t.
Read the chart
View attachment 797942
Upper middle class have 11.1 percent of wealth
Why do you want to raise taxes on the 40 percent who have 3/10 of a percent of wealth?
Are you that cruel?
And we are talking about INCOME taxes. Why do you think it’s right the bottom 50% of earners to only pay 3% of the entire tax? They need to lay more of their fair share, or, in most cases, pay SOMETHING. Most pay zip.