of course the rich pay the most in tax. duh: they have all the god damn wealth. lol. but even if we "taxed the rich" - there still would not be enough money to keep up with the insane spending of the federal government. we're still running deficits. study after study has shown this.
I do tend to agree with Warren Buffett when he says it's not right that his secretary pays a higher % of her income in taxes than he does. That does not seem quite right to me. The way we tax doesn't seem right at all to me. Perhaps a VAT tax or consumption tax is the way to go. Also think some money from property taxes should go to the federal gov't- which provides a military to protect your property from would be foreign actors- the state doesn't do that. And if you really want to do something about climate change and "taxing the rich" - slap hefty taxes on private jets, megayachts, mansions over 10,000 sq ft (who the F**K needs a house bigger than this- even if you have 10 kids)- you know- excesses in consumption.
Social security and healthcare obviously need massive overhauling in this country. Not quite sure what the solution is there. But what we're doing, ain't working. Feels pretty stupid to me that the US doesn't have a sovereign wealth fund either. Most countries have them. Some states in the US have them, and they are relatively small- but the federal government doesn't. Would seem to make a lot of sense to me that we start one. We should have a soverign wealth fund with trillions in AUM by now.