Should the top 1% pay more?

In 2016 the wealth of the 1% of the world will exceed all of humanity.

Remember this when the Republicans say the 1% pay 80% of the taxes, Do the math, they have 99% of the money, shouldn't they pay 99% of the taxes? 🤔

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SatanBurger · 36-40, F

Yes they should either pay more or propose ways to close the gaps.

[quote]Income disparities have become so pronounced that America’s top 10 percent now average more than nine times as much income as the bottom 90 percent. Americans in the top 1 percent tower stunningly higher. They average over 40 times more income than the bottom 90 percent. But that gap pales in comparison to the divide between the nation’s top 0.1 percent and everyone else. Americans at this lofty level are taking in over 198 times the income of the bottom 90 percent.[/quote]

[quote]The 2016 Wall Street bonus pool was large enough to have lifted all 3.2 million U.S. fast food workers, or all home care aides, or all restaurant servers and bartenders up to $15 per hour. Increasing the incomes of low-wage workers produces stronger beneficial economic ripple effects than boosting bonuses for the rich, since the poor tend to have to spend nearly every dollar they make while the wealthy can afford to squirrel away more of their earnings.[/quote]

https://inequality.org/facts/income-inequality