You predict, in America in 2018, the top 1% paid ____ of all federal income taxes
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Too much tax money goes to fed govt boondoggles. The fed govt has mind-boggling massive bureaucracies in Washington DC, northern Virginia, Maryland. The 'workers' vote Democrat. They get high pay and Cadillac benefits. They are by and large lazy, entitled, and produce little
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i personally believe public works and public life is inherently valuable and people ought to be fighting for stronger democratic institutions... should we just let the rich people be our monarchs and give us an allowance?
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the moderately high earners are paying way too much in taxes. And the money isn't going to public works and public life. Look at US's crumbling infrastructure. Our money goes to pay crooks in federal government, who cook up schemes to enrich themselves.
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Poor people are selected for being bad with money though. Possibly even worse than the government.
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Wait, "all the wealth of the 1%"? More like an amount they can only notice is missing on paper.
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This seems like one of the major problems with socialism. Good intentions, but government bureaucrats aren’t good at spending money.
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Yes, and it's by the nature of that system. Impossible to avoid, due to economic info, calc, and coord problems. The State has no profit, loss signals nor incentives, which is extremely important in managing resources. Plus, the State is a forced monopoly, compounding the issue.
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