Earlier quoted context omitted.
> disproportionately reap the benefits of society This is where we fundamentally disagree. You buy products because you want/like them. The people who make them are not disproportionately reaping benefits of society - they are reaping benefits of creating productive and desirable products. This view flirts with the idea that people "extract" wealth from the public, and that people are taken advantage of and/or manipu…
I think a person who gains $10,000,000.00 a year should be paying a higher tax than someone gaining $20,000.00 a year because a person can’t personally create $10,000,000.00 of value in a year. Or even $8,000,000.00 of value. The only way to do that is to own a disproportionate slice of the American economy. When money moves value is created. The incentive should be to spread that wealth out, not to concentrate it. A…
This is a very problematic view of the world, and is not in line with reality.
The people who earn $10MM a year make decisions that impact the lives of thousands (10's of thousands, or 100's of thousands) of employees. They are usually also directly responsible for millions of dollars in salaries every month.
The myth that executives running a business don't earn their pay is silly.
> A flat tax of 20% would be ruinous to the poor and lower middle class.
Also not true even a little bit. Most of the lower and middle class already pay more than 20%.