Those 80 million will foot the bill by paying a percentage of their income WITH NO CAPS.

You have the math wrong. There are 180M tax returns (more or less) filed per year in the US. So, that’s 180/5 = 37M per quintile.

Roughly, the lower two quintiles cannot expect to pay enough taxes to cover their fair share, probably a little less. So, it’s more like a 65/35% split; 65% will be expected to pay more than they do today (and in many cases, FAR more than they do today, depending on your age group) to cover the 35% who cannot.

No voting power there.

It will be the price to be an American.

Enforced poverty is too high a price. But before that happens, capital leaves the country anyway, so the upper quintile will have their cake and eat it too. Anyone with half a brain knows where to invest their money where the government can’t find it, and if they believe they are being taxed unfairly, they will.

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.

Data Driven Econophile. Muslim, USA born. Been “woke” 2x: 1st, when I realized the world isn’t fair; 2nd, when I realized the “woke” people are full of shit.