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1) This is not new. Voters have ALWAYS wanted the rich to buy them more benefits
2) Most who complain the rich do not pay their "fair share" wildly underestimate the share of all taxes currently paid by the rich
3) They will be disappointed in how little revenue would be raised
2) Most who complain the rich do not pay their "fair share" wildly underestimate the share of all taxes currently paid by the rich
3) They will be disappointed in how little revenue would be raised
The top 20% pay about 69% of all federal taxes -- including 88% of all income taxes. 
The average tax rate steeply rises with income
The U.S. has by far the most progressive taxes in the OECD -- even adjusting for America's income inequality leading to a more progressive tax distribution
And this does not even include the steep VAT taxes that make European taxes even less progressive relative to the U.S.
And this does not even include the steep VAT taxes that make European taxes even less progressive relative to the U.S.
Because people are ignoring the OCED chart and claiming I am ignoring rising income inequality....
The chart below divides the tax distribution by the income distribution. Same story.
The chart below divides the tax distribution by the income distribution. Same story.
