Sep 16, 2024
Adebayo, I would take neoliberalism over WWIII any day.
The top 1% of U.S. income earners pay 46% of federal tax.
The top 10% pay 76%, and the top 25% pay 89% of all income tax.
The bottom 50% have an average tax bill of $667 annually (less than a pair of Manolo Blahniks).
That said, America and the UK would benefit from increased economic mobility.
Best.