JoeB131
Diamond Member
Funny how you define fair as someone else paying an amount you think they should. Wait for it, it's not your place. I bet you think half in the U.S. paying a zero marginal rate is fair. You'd be wrong there, too.
I've shown that a million dollars is a million dollars regardless where it is. You deny that.
uh, no, guy, you haven't. Very few European or Japanese CEO's make 7 figures.
Most Americans CEO's make 7 figures and many make 8 figures and a few make an obscene NINE figures. That's just fucking crazy.
The reason why half hte country pays a zero marginal rate is because- wait for it - they don't have any income to tax!!!!
The bottom 40% controls less than 1% of the wealth. The top 20% controls 87% of the wealth. So, yeah, an "income" tax is going to hit the top 20% harder.
As for what people think is fair, here's the thing. Most Americans don't think the current distribution of wealth is fair. Most Americans also have no idea how bad wealth inequality is.
Here's a graph. The top line is what wealth distribution actually is, the middle is what people think it is, and the bottom is what people think it SHOULD be.
![WealthDistrib-thumb-560x323-33903.png](/proxy.php?image=http%3A%2F%2Fcdn.theatlantic.com%2Fstatic%2Fmt%2Fassets%2Fjamesfallows%2Fassets_c%2F2010%2F09%2FWealthDistrib-thumb-560x323-33903.png&hash=1f24dfbb84dcd96b6b4ce6a199877bad)