Maybe tax the greedy top 10%

11 days ago by sanitation to c/workreform

IMALlama 18 points 11 days ago

This is the same chart, but with the 99-99.9% slice broken out too.

The view by share is more telling IMO:

  • The top 1% have 32.5% of the wealth. This is up from 22.8% in 1990
  • The 90-99% have 36.4% of the wealth. This is down from 38% in 1990
  • The 50-90% have 28.8% of the wealth. This is down from 35.7% in 1990
  • The fact that the bottom 50% have 2.3% of the wealth. This is down from 3.5% in 1990

The fact that 50% of our population has a single digit share of wealth is a travisty.

The only group growing share is the 1%. Their per capital numbers are eye-watering. The 90-99% do have about 4x the per capital wealth as the 50-90% group, but the top 1% are literally 10x that on a per capital basis. The top 0.1% are eye-watering wealthy compared to anyone else.

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deegeese 8 points 11 days ago

Won’t work. That 10% is plugged in to power and will swing the vote every time.

Gotta target the top 1% because even the upper middle class can’t identify with them. If you can get that passed, becomes easier to tweak the thresholds later.

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Steve 6 points 11 days ago

The top 10% get fucked by taxes. Too much money for the public to care, not enough money to rig the government in their favor.

Even the top 0.1% aren't really the problem.
It's the top 0.001% that need to be taxed to extinction. They aren't even on that chart because nobody knows how much they have.

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Ludicrous0251 3 points 10 days ago

According to this site (https://wid.world/income-comparator/), the top 10% in the US take in ~$150k/adult, and has a total wealth of ~$1M/adult.

It's about double that on both of those to break into the top 5%.

I suspect there's a lot of folks in high-COL regions that fit the top 10% income but not wealth.

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workreform
workreform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

  • All workers must be paid a living wage for their labor.
  • Income inequality is the main cause of lower living standards.
  • Workers must join together and fight back for what is rightfully theirs.
  • We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

  • Higher wages for underpaid workers.
  • Better worker representation, including but not limited to unions.
  • Better and fewer working hours.
  • Stimulating a massive wave of worker organizing in the United States and beyond.
  • Organizing and supporting political causes and campaigns that put workers first.

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