There's a statistic that's often used to confuse people, right, that the top 1% of earners pay 40% of the taxes and 40% of Americans pay no income taxes at all.

But that talks about the high income earners, not the high wealth owners.

Because as we talked about, the high wealth owners can have no income.

They're just as likely to be in the 40% that pay no income tax as they are in the top 1%

that pay all the taxes. So many people are like, wow, this made me enraged. I'm a sucker.

I think one of the big problems is that the high income earners

have thought that they were aligned with the high wealth owners. They thought that they were rich

maybe because they have a couple of million dollars and, you know, a house and things like that.

They have nothing to do. High income earners have nothing to do from a tax perspective with high

wealth owners.

I'm Bethany McLean.

Did you ever have a moment of doubt about capitalism and whether greed's a good idea?

And I'm Luigi Zengalis.

We have socialism for the very rich, rugged individualism for the poor.

And this is Capital Isn't, a podcast about what is working in capitalism.

First of all, tell me, is there some society you know that doesn't run on greed?

And most importantly, what isn't?

We ought to do better by the people that get left behind.

I don't think we shouldn't kill the capital system in the process.

More and more people are throwing around the world feudalism these days, especially when they're talking about capitalists.

But a lot of important distinction are getting lost.

In a capitalist system, wealth is accumulated.

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