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Joined 2 years ago
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Cake day: August 9th, 2023

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  • No, that is not how it works.

    There’s a certain cost of living. Housing, food, transport. There’s a certain “floor” you have to earn or you’ll have a miserable time in the world as it is.

    Once you get above that earnings floor wealth suddenly starts to accumulate. You can get a nicer house, a fancier car, go out to eat and vacation more often. Which is all nice and good, people should be able to do such things, but those are secondary luxuries on top of what you need to live.

    So instead of taxing everything, say, 50%, the lower brackets are given some slack with reduced taxes.