Glenn
Robert ReichNever forget that the 25 richest people in America paid a true tax rate of just 3.4% between 2014 and 2018 on over $400 billion in wealth gains. The rest of America paid an average of 13.3% in 2018.
Kevin Karhan 
@rbreich Never forget that #WageWork is taxed higher than #CapitalGains, and that this is the core injustice.
MT Nickerson@rbreich which illustrates how the US tax system fails the vast majority.
PJT North@rbreich A flat tax of 5 or 6% levied on all taxable individuals and corporations would work well. Individuals on gross income and corporations on gross revenue would work equitably. No sales tax. Property tax at a flat rate of 0.5% of market value. If wishes were fishes….lol.
72wagon@rbreich There should be minimum effective tax rates whether your income was from wages or capital gains. The minimums should match the standard brackets.
This is the least we could do to create some equity. The current system is a slap in the face of most Americans.
ElLawyero@rbreich as long as politicians require their money to advertise for elections they will control that. A cap on political campaign funds and a window for that would be great (100 day window for ads, cap at 2 million, for example)
Jeff GriggThat's called a "regressive" tax rate: Low income is taxed at a higher rate than high income.
Or tax system has historically been intended to be a "progressive" tax system -- higher incomes taxed at a higher marginal rate.
Tim Moore@rbreich I pay at least 15% for social security no matter what deductions I can find. When I retire this summer, SS won't be enough to live on. I plan to keep working until the mortgage is hopefully paid off. And they are talking about cutting SS again! Or worse privatizing it and basing it on the ups and downs of the stock market.