/Somehow people are convinced that income taxes dont work on the rich, and consumption sales and VAT do.That is false. Heres the flow of taxable income. Note nothing flows through Investments and Savings and Dividends arent really capital gains, but taxed at the same rate.

Somehow people are convinced that income taxes dont work on the rich, and consumption sales and VAT do.That is false. Heres the flow of taxable income. Note nothing flows through Investments and Savings and Dividends arent really capital gains, but taxed at the same rate.

Somehow people are convinced that income taxes don’t work on the rich, and consumption (sales and VAT) do.

That is false. Here’s the flow of taxable income. Note nothing flows through Investments and Savings; and Dividends aren’t really capital gains, but taxed at the same rate. https://t.co/Hcp5Qqlyc5