Originally Posted by
guitarjosh
It's not my opinion at all, it is what the Fed's meta-analysis shows. If we divided everything produced in 2021 equally, you would get $11,066, I would get $11,066, Elon Musk would get $11,066, Bill Gates would get $11,066, Jared Goff would get $11,066, a baby born in the slums of a 3rd world nation would get $11,066, Optional would get $11,066, Taylor Swift would get $11,066. How much was the total government spending per person in America in 2021? $31,538. So we could have a 100% tax on income, keep productivity the same, and we would have to slash government spending by 66% just for it to run for a full year, and there would be no paychecks, gifts, or tips.
Blah blah blah show us the work.
We can't redistribute our way out of global poverty right now.