> The top 5% richest people in America account for 60% of all of the federal income tax
I see this repeated all the time and it's worthless without context. What percent of all income do the top 5% earn? What's their share of national wealth?
It’s a stupid thought-terminating quip entirely centered around a superficial “one number bigger than other” gotcha.
We live in a society where the wealthiest have orders of magnitude more wealth than everyone else. The taxes they pay are not proportional to that wealth, period.
