Yeah, the bit about people not being able to understand is an overly condescending way to phrase it, and is a cop-out. But we also see people at large completely missing the issue by trying to project their own experiences with The System onto the ultra wealthy.
Like, the number of times I’ve seen people astronomical income tax rates to deal with billionaires highlights both a misunderstanding of what income taxes actually tax, and how the economic elite generate their wealth.
No one is out there calling for a tax on unrealized capital gains, for instance. And while some people are lobbying for a wealth tax, the tax rates proposed are very small, which makes reactionaries quick to reject them.
It’s not that we plebs cannot understand, it’s that most of us just straight up do not understand, and choose to ignore that fact.
Yeah, the bit about people not being able to understand is an overly condescending way to phrase it, and is a cop-out. But we also see people at large completely missing the issue by trying to project their own experiences with The System onto the ultra wealthy.
Like, the number of times I’ve seen people astronomical income tax rates to deal with billionaires highlights both a misunderstanding of what income taxes actually tax, and how the economic elite generate their wealth.
No one is out there calling for a tax on unrealized capital gains, for instance. And while some people are lobbying for a wealth tax, the tax rates proposed are very small, which makes reactionaries quick to reject them.
It’s not that we plebs cannot understand, it’s that most of us just straight up do not understand, and choose to ignore that fact.