• FerNZA@lemmy.world
    link
    fedilink
    arrow-up
    1
    ·
    23 days ago

    I am not from the US so might be wrong, but I think it works the same as in mine. It is because they tax income not wealth (which would be difficult I guess). Elon can probably live on $0 income very comfortably by his standard. More than 1% of income earners will be affected at some point as you age up, inheritance etc. Maybe not 30%