In the United States at the end of 2001, 10% of the population owned 71% of the wealth, and the top 1% controlled 38%. On the other hand, the bottom 40% owned less than 1% of the nation’s wealth.
I am not a socialist and do not think that wealth should be distributed equally…..but if 1% of the population controls over 1/3 of the nation’s wealth, you better be damned sure that they should pay more money…it’s simple math.
If I make $10,000 and pay 10% in taxes, I pay $1,000 in taxes.
If I make $1,000,000 and pay 10% in taxes, I pay $100,000 in taxes.
I am not more burdened by taxes if I make $100,000.
Oh—and the government isn’t going to steal your bike. Taxes are a responsibility that goes along with the privilege of being an American. If the Conservatives hate taxes so much—what is it they love to say, “Love it or leave it.”
(p.s.–I don’t believe that love it or leave it is in anyway a valid argument for anything, I just like to use people’s words against them. It’s how I roll.)