Sadly, despite centuries of wreckage caused by Socialism, from New Harmony to modern-day Venezuela, there are still voters who believe in a free lunch...or at least, where someone else pays for it. The Leftist cry for “tax the rich” seems to be unaware that the rich (i.e., income > $445,000/yr) already pay almost 75% of total IRS collections while low income people (i.e., income < $45,000/yr) pay less than 3% of IRS collections. The Leftist fallback of “tax the corporations” seems ignorant that corporations have to pay those taxes from revenues paid by consumers. Also, given the Leftist hate for those two groups, where are the funds to come from to promote economic growth, create jobs, and foster a higher standard of living? Are voters really that ignorant?
Lower income people pay more in taxes than the rich. We spend nearly all on surviving and eating, the costs of which are high because of the Federal Reserve system, that taxes us on a continuous basis since 1913. The rich are above that system, their wealth is in land and commodities, which increase in price exponentially, just ahead of the deflated dollar.