> The big flaw in his argument is that a mere 1% which is actually 20% of annual return is still less than the average income tax rate on workers

This is untrue btw

50% of people in the US pay effectively no net taxes

No net income taxes.

They still pay payroll taxes, state taxes, sales taxes, and various other state or local taxes and fees.

blitzar an hour ago | parent | prev | next [-]

> 50% of people in the US pay effectively no net taxes

Billionaires included, defence contracts and corporate subsidies count just as much as food stamps.

Or put another way, are subsidized by others.

	▲	triceratops 37 minutes ago \| parent [-]
		Or put another way, they already make so little money it isn't worth taking any from them.