- Joined
- Jan 19, 2006
- Messages
- 1,799
The top 1 percent of earners pay 40 percent of all income tax collected. The top 5 percent pay 61 percent of all income tax collected. The top 10 percent pay 72 percent of all income taxes. The top 50 percent pay 97 percent. You are in the top 10 percent if you make $178,611. You are in the top 5 if you make $261,591. https://usafacts.org/articles/who-pays-the-most-income-tax/The solution is not to tax the average person but to tax the rich. Trump gave huge tax breaks for the wealthy and the deficit is going to balloon. The solution today is the same solution after the great depression, and that's to tax the rich. No Republican or Democrat wants this because their benefactors are wealthy. Even if you were to somehow pass a law, the wealthy will just lawyer up and do everything they can to delay and try to turn things around, because they are that rich. We have wealthy individuals that have so much money that they can enact their own laws.
It's artificial competition. Investment companies are buying them up and holding onto them. There are nearly 15 million empty homes in USA. Just search on Zillow and you'll find a lot of homes that are empty with no furniture. Quick look on r/zillowgonewild shows this house as been empty for a decade. It's such a big problem that realty are digitally imputing fake furniture. If you know where to look, there's a blind spot in the system. Like this house for $719K, which is a mansion. At some point the housing market will crash.
What we have here is a spending problem.