Strangely enough, most people will be in the top 5% at some point in their life. But just for a year, when they sell their house. So you’re getting fucked 75 years of your life for maybe 1 year of benefit?
I am not from the US so might be wrong, but I think it works the same as in mine. It is because they tax income not wealth (which would be difficult I guess). Elon can probably live on $0 income very comfortably by his standard. More than 1% of income earners will be affected at some point as you age up, inheritance etc. Maybe not 30%
Problem is a solid 30% of those that vote see themselves potentially attaining that
99%1%, as baffling as that is.Edit
You mean 1%?
I do, yikes, thank you
Strangely enough, most people will be in the top 5% at some point in their life. But just for a year, when they sell their house. So you’re getting fucked 75 years of your life for maybe 1 year of benefit?
More like you busted your ass for 75 years then got fucked when you had to sell your house.
I am not from the US so might be wrong, but I think it works the same as in mine. It is because they tax income not wealth (which would be difficult I guess). Elon can probably live on $0 income very comfortably by his standard. More than 1% of income earners will be affected at some point as you age up, inheritance etc. Maybe not 30%