I’m looking for serious answers to understand the mentality. Please avoid the snark. I know it’s low hanging and tempting but I’m pretty sure most, if not all, of use here on Lemmy “get it”.

I just can’t get out of my head how absurd it is that we, in the U.S. anyway, put so much of the tax burden on working class folks instead of those most benefiting from our economic system.

It seems to me the standard deduction should be at least the median personal income (~$40k) if not the mean(~$60k) with progressive tax brackets adjusted to cover costs thereafter and possibly a supplemental wealth tax.

But I’m not an economist so trying to understand why I’m wildly wrong and this would be a terrible idea either from an economic perspective or from a political perspective.

  • trolololol@lemmy.world
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    1 month ago

    And that’s the definition of capitalist vs working class. A top surgeon makes a lot of money yes, but they are still working class because their main income is from salary.

    Earning a big salary or buying some stocks don’t make anyone a capitalist. Being the owner of Johnson and Johnson, hiring an administrator and not working a day in your life does. And that’s the kind of people who get richer with any crisis, holds the biggest part of Johnson and Johnson profits, and pays no tax at all.