r/FluentInFinance • u/ProgressiveSpark • 29d ago

Wealth inequality in America: beliefs, perceptions and reality. Discussion/ Debate

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What do Americans think good wealth distribution looks like; what they think actual American wealth inequality looks like; and what American wealth inequality actually is like.

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u/eman0110 29d ago

The best part is when the poor non existent middle class defends the system we have now.

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u/Bitter-Basket 29d ago

What do you do about it. Constitutionally, income is taxable. Wealth is not. And I personally know multimillionaires that have less than 100K income that are in the 12% bracket. The IRS doesn’t even know how much “wealth” anyone has - it just has a little info when an investment action creates income.

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u/_Punko_ 28d ago

Tax the spending