Reply #55: There are people who have earned income

[SheilaT]

well into the six figures. And there are people who live strictly on that kind of earned income, so would they still fit your definition of working class? I do think you are intending to label as working class those who only have earned income below some particular amount, and I'd agree with you on that.

I do agree that unearned income is not taxed as much as it should be. The idea behind it of course is to encourage savings, but the benefit is very much to those already wealthy. I like your suggestion that the taxes on unearned income should be contingent on what percentage of a person's total income it is. Especially once you go above a particular dollar threshold, such as 50k or 100k per year.