I keep hearing people say "tax the rich" but how do the rich not pay taxes? (sorry for the dumb question, I don't know much about this)

but yeah,

I'm really uneducated with this type of stuff, but am trying to learn 👀

plz b gentle

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NerdyPotato · M

Most of them do pay taxes, just not as much as poor people relative to their income.

Fishy · 36-40, F

@NerdyPotato how tho?

NerdyPotato · M

@Fishy taxes on investments usually aren't as high as VAT or income tax.

Fishy · 36-40, F

@NerdyPotato

isnt that an investment thing tho?
Not necessarily a rich thing?

I mean like, if that's the case, wouldn't it make more sense to say "there should be higher investment taxes"

Instead of "tax the rich"?

NerdyPotato · M

@Fishy only the rich can afford to invest and what else are you going to do with more money than you can spend on things you use? The two are pretty much synonymous.

Fishy · 36-40, F

@NerdyPotato yeah I'm still a noob, ngl

I've never invested in anything big or small,

So I don't know how much it takes to invest in things 😅

I'm just learning n stuff