By that logic, isn't taxing lower-income people taking even more money out of the economy, since poorer people spend a much higher percentage of their earnings?
100% of $10 is still less than 20% of $100 but taxing corporations doesn’t do the same thing as taxing ppl and the purpose is to remove money from the economy not ensure everyone fairly contributes to the national coffers. We should be working on the most effective way to remove money from the economy not worrying about who’s paying what.
