ChatGPT explained that the issue isn’t necessarily the tax rates themselves, but how different types of income get taxed. This is where the system becomes genuinely unfair.
“Billionaires benefit from tax strategies that lower their effective tax burden compared to what ordinary income earners face on wages,” the AI explained. “The current system taxes work more than wealth.”
Here’s what that means in practice: When I get my salary, taxes come out immediately. When a billionaire’s stock portfolio increases in value by millions, they don’t pay taxes on that growth until (or unless) they sell those stocks.
