Who says that somebody should be able to live off of $500,000 a year? What makes somebody declare what is a good living wage? Throughout your life, we all increased our salary each year and most of us changed our lifestyles for the better to correspond to our increase in pay. Nothing wrong with this, you get rewarded for your success. Nobody should tell me what I can make or what I can spend.
Everybody should pay taxes, no matter if you make $20k a yr or you make $1B a yr. Each person should pay a flat tax of 10% and not some higher amount just because you make more. I think Musk paid $6B in taxes a couple years ago and a politician said he needs to pay more: really?
If a millionaire/billionaire pay no taxes because they follow the tax rules, good for them. Everybody has to follow the tax laws and if they find loopholes, then the government needs to plug those loopholes.
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