It doesn't have to be that complicated. Just absolute terms could have the desired effect.
- 1% tax of 10 million = 100k
- 20% tax of 100k = 20k
Hence, the rich pays more tax.
It doesn't have to be that complicated. Just absolute terms could have the desired effect.
- 1% tax of 10 million = 100k
- 20% tax of 100k = 20k
Hence, the rich pays more tax.
https://en.wikipedia.org/wiki/Tax_returns_of_Donald_Trump "Trump paid no net federal income taxes in 11 of 18 years of the past two decades. After the refund, Trump had an average tax bill of $1.4 million per year over the 18 years.[52][176] In 2016, Trump paid only $750 in federal income tax, and in 2017, he paid another $750 in federal income tax."
If there was an unequal vote, I am pretty sure rich people would want votes as heavy as possible.