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Michael Shermer: Debate about top 1 percent and fair tax contributions
Michael Shermer questions claims that the rich are not paying their fair share of taxes, referencing frequently shared graphs that challenge this assertion.
He asks if the expectation is for the top 1 percent to pay 99 percent and raises the question of what the right number should be, adding that he is not close to being in the top 1 percent.
Shermer has previously examined potential wealth concentration in other sectors. He argued that a SpaceX IPO could produce the world’s first trillionaire if the share price tops $135. His recent comments follow earlier discussions about extreme wealth scenarios.
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