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classify what’s rich on the income scale ?

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skiptdouglas

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20/11/19

22:43

Post #: 41542527
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Originally posted by Tarvold: ↑

The majority of Australians (& increasing) across all income groups are increasingly concerned about the wealth gap between rich & poor & yet Australians are dead set a tax that would directly address that (death taxes).

Taxing income of rich people doesn't reduce their wealth it only reduces it's growth rate.
Death taxes would decrease rich people's wealth & enable lower taxes on the poor.
If you don't want to impact people with relatively modest assets start the tax at $2.5m or $5m or $20m?
Whatever is palatable.

If nothing is done the situation will only increase.
Personally I have nothing against the rich getting richer, good luck to them, however I am concerned about the most vulnerable in society.

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classify what’s rich on the income scale ?
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