high-income

“But the overall picture is dire. As a Commonwealth Fund report puts it, compared to other high-income countries, ‘The U.S. has the lowest life expectancy at birth, the highest death rates for avoidable or treatable conditions, the highest maternal and infant mortality, and among the highest suicide rates.’”

Some of the goodies they are planning to give to rich people include allowing high-income business owners to write off 20 percent of their profits, doubling the amounts the heirs of the largest estates can inherit tax-free from $14 million to $28 million per couple, and enacting hundreds of billions of dollars of tax breaks for businesses that don't need a tax break.

Perhaps low-income Americans' tax cuts are smaller than high-income people's, but they're getting a tax cut, so why should they complain?

At the same time, high-income Americans get large tax cuts.

According to the World Bank's latest estimates, India will need to grow by 7.8% on average over the next 22 years to achieve its high-income status ambition by 2047.