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.
Well this is where mean vs median becomes important…
But what if I become a top-5%-er?
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.