As stated before, the assets of the rich are not liquid, meaning that they own things that cannot be readily converted into money such as stocks and real estate. Taxation should be dependent on those assets as well as income. Yes, the rich should be made to pay their equivalent share, especially if it helps with reducing interest rates for students, but taxation is much more nuanced than one's income, and special consideration must be made for capital gains taxes as there must be an incentive to invest in businesses via the stock market.
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