Yeah. But somehow I get the feeling Bill Gates is going to buy more than just milk.
If he lives the exact lifestyle of a lower class person, he can pay that level of taxes. Who cares? But if he's going to buy billion dollar houses, that's gonna be a million dollar tax.
Hello again Phillip. We have a running argument in a few threads here now. See my other pots. On balance, poor and working classes will be punished for buying essentials . The rich are rewarded when they do not buy the Ferrari. Most poor and middle class families are living paycheck to paycheck. Their money is already spoken for on items that they need and will get taxed no matter what. The rich having vast amount of resources and it doesn't hurt them either way if they cannot get the yacht etc. They are in effect rewarded by not buying the huge house or new yacht.