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TurboTax maker Intuit spent millions in record lobbying blitz amid threats to tax prep industry
(www.opensecrets.org)
this post was submitted on 07 Feb 2024
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Over 90% of tax revenue is collected from less than 10% of the population. Tax the rich is a campaign lie. It already happens. About 50% of adults pay net 0% or get out more than they put in.
The middle class is shrinking and the wage gap is getting worse partly because of the progressive tax system. Only the top 0.1% have the ability to not care about taxes. And even if you taxed them at 100%, they have the tools and money to avoid paying taxes on the vast majority of their wealth.
Tax as a wealth transfer is exactly how to close the gap between rich and poor. You can see the picture but you have misunderstood how the elements relate. Not allowing the 0.1% to escape taxation is exactly what has to happen.