@2spiritcherokeeprincess
Let me ask you some questions on rich people and taxes.
Everyone who barks and begs for the wealthy to be taxed heavily has a different opinion, most of them having nothing but hatred for people better off than themselves.
What is a fair share by your definition?
Some people say liquid capital should be taxed.
Some say assets should be taxed.
Some say liquid capital AND assets should be taxed.
Some say the wealthy should be lynched.
How much do you tax them?
I can tell right now, the wealthy will just uproot and leave if you tax them too much. That will cause a wealth vacuum which will devastate the already poor economy, limiting your already low potential to earn money.
If you need recent precedence: In 2015 France raised taxation up to 45% on the wealthy French. After the bill was signed, all of them fled to other countries. That action is having a domino effect in the EU as the EU is struggling to keep billionaires and millionaires from fleeing to less tax heavy countries.
The ripple effect caused the average Frenchman/woman to shoulder the tax burden, it also caused the quality of public services to go down.
And what is your definition of rich?
It seems everyday the definition some people use for rich people starts to blur the lines of reality in order to become unapologetically racist, think "all Jews are wealthy" but replace Jew with white people. This one is important to me because my family fled Germany because of stuff like this.
Some people say anyone who is lower-middle class and up.
Some say upper-middle class and up.
Some even say anyone who makes more money than I personally deem acceptable.
So, what do you deem wealthy and how much should the wealthy be taxed in your opinion?