Robert Reich really wants to tax the rich. No more namby pamby taxation for the plutocrats insofar as far as he is concerned.
Before we dig into his seven suggestions for ripping off the most productive of us, consider these facts:
The wealthiest 1 percent of the population in 2020 paid 38.5 percent of all taxes. This is more than the total for the lowest 90 percent of the population, which was 29.9 percent. As for income tax rates, the exploiters weighed in at 26.8 percent; this compares to 4 percent for the 50 percent of the people at the bottom of the income distribution. The former is almost seven times the latter.
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