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Discussion and Debate
Discussion and Debate
Politics
American Politics
US billionaires paid lower tax rate than working class in 2018
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<blockquote data-quote="Ken-1122" data-source="post: 74380227" data-attributes="member: 277047"><p>So if I understand you correctly, you’re saying because the cost of housing cost takes a bigger percentage of the poor’s budget than anyone else, and since the cost of housing usually out paces inflation rate, the inflation rate for the poor could out pace whatever increases in pay they get resulting in the poor getting poorer while everyone else gets richer; sorta the point made in post #160.</p><p></p><p>So this could result in the rich getting richer while the poor getting poorer even though one has nothing to do with the other. Most people seem to assume the rich gets richer because they take from the poor, and the poor gets poorer because they are stolen from by the rich, but inflation is the culprit, not someone taking from someone else.</p></blockquote><p></p>
[QUOTE="Ken-1122, post: 74380227, member: 277047"] So if I understand you correctly, you’re saying because the cost of housing cost takes a bigger percentage of the poor’s budget than anyone else, and since the cost of housing usually out paces inflation rate, the inflation rate for the poor could out pace whatever increases in pay they get resulting in the poor getting poorer while everyone else gets richer; sorta the point made in post #160. So this could result in the rich getting richer while the poor getting poorer even though one has nothing to do with the other. Most people seem to assume the rich gets richer because they take from the poor, and the poor gets poorer because they are stolen from by the rich, but inflation is the culprit, not someone taking from someone else. [/QUOTE]
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US billionaires paid lower tax rate than working class in 2018
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