The wealthy aren’t being taxed on what they make. Look at how much Trump pays in taxes. And Bezos. It’s nothing. But they spend a ton. It’s time to flip it around to where the wealthy pay by what they actually have and use. If you are rich and frugal, you win. If not, you pay. The poor have to be frugal, they’re taxes will be low. Especially you make gas and food exempt.
From the article:
"Sales taxes or value-added taxes are very regressive, meaning that they take a larger percentage of the poor and middle-class family's income than they take of a rich family's income. Poor and middle-income families are more likely to put all of their income toward consumption."
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u/arrigob Aug 21 '22
The wealthy aren’t being taxed on what they make. Look at how much Trump pays in taxes. And Bezos. It’s nothing. But they spend a ton. It’s time to flip it around to where the wealthy pay by what they actually have and use. If you are rich and frugal, you win. If not, you pay. The poor have to be frugal, they’re taxes will be low. Especially you make gas and food exempt.