Reported 1 day ago
The tax system appears inequitable, with billionaires often paying lower rates than average workers. According to ChatGPT, making the ultra-wealthy pay taxes at the same rate as the working class could generate between $500 billion to $1 trillion annually. This revenue could fund significant public services like education and healthcare. However, political resistance and logistical challenges present major obstacles to such reforms, despite potential positive effects on global tax policies.
Source: YAHOO