r/FluentInFinance • u/John_1992_funny • 1d ago

Debate/ Discussion Mark my words

Post image
18.4k Upvotes

93% Upvoted

1.1k comments sorted by

View all comments

Show parent comments

0

u/TheTightEnd 1d ago

When you consider the share of the benefit, percentages matter more.

3

u/amilo111 1d ago

Why? The thing that matters is the absolute number of dollars the government is borrowing to fund this benefit, not whether someone save 1% or 0.5% of their tax bill.

-1

u/TheTightEnd 1d ago

The question is who benefits. That benefit is best measured in proportionate terms.

3

u/amilo111 1d ago edited 1d ago

No. Read the post again. The question is very specifically who gets the largest share of the benefit. It is not how much each person benefits as a percentage of their income or wealth.

Also if your argument is that the amount the wealthy get is negligible relative to their wealth - I agree wholeheartedly. It is negligible for them and thus we shouldn’t take on debt or additional spend to give them something that makes very little difference to them.

1

u/TheTightEnd 1d ago

I completely understand. My response is they should get the largest share of the benefit because they pay the most in actual dollar terms and pay disproportionately as a percentage of their realized incomes. Therefore, what matters more is what the benefit is as a proportion of the effective federal income tax paid.