Do you think there is a difference between taxing wealth and taxing income?

Question by jdlifsey2030: Do you think there is a difference between taxing wealth and taxing income?
The Democrats say we should increase taxes on the rich by raising income taxes. Doesn’t being rich mean you have a lot of assets? Should be people that earn a lot of money be taxed higher even though they may not have accumulated any wealth (yet)? Isn’t there a difference between people how EARN a lot of money and those those that HAVE a lot of money?

Best answer:

Answer by Mathew
You may be on to something. You should send your idea to congress or better yet you should run for congress.

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