It’s also important to note than depending on how we define “income”, many of the richest have no “income” or a misleading small income (Zukerburg has, like, a 1$ salary or something) because they don’t their money from a wage… they get it from returns on investment. This is also why income tax is a misguided policy goal a lot of the time. We need to tax the investment income of the rich, not their salary.
It’s also important to note than depending on how we define “income”, many of the richest have no “income” or a misleading small income (Zukerburg has, like, a 1$ salary or something) because they don’t their money from a wage… they get it from returns on investment. This is also why income tax is a misguided policy goal a lot of the time. We need to tax the investment income of the rich, not their salary.