They literally aren’t rich. And they pay a lot of income taxes. The actual rich people don’t pay as high of a tax rate, which is the problem.

Let’s say you make $1 million per year and your net worth is $20 million.

Elon Musk spending $1 million dollars is equivalent to you spending $50.80.

That would be equivalent to the median earner ($42,000) spending 10 cents.

Someone who earns $1 million a year would have to be alive for 393,000 years to earn Elon Musk’s net worth as salary.

The difference between the 1% and the 0.5% is massive. The difference between the 0.5% and the 0.1% is even bigger.

Don’t forget that a billionaire is a millionaire 1000 times over, and the richest billionaires are hundreds of billionaires.