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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.

You have to look at whether the child from a high-income family, both of whose parents have advanced degrees, is performing better at the private school than the public school.