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Quote by: Nono I sympathize, brien. Sounds like your son is afflicted by a regressive tax system. When most of the overtime pay of a wage-earner is sucked up in taxes, something's far wrong.
By contrast, when most of the earnings of a true fatcat are sucked up in taxes, well what remains is to make sure that tax money isn't squandered.
In most cases at the fatcat level, it's gone beyond the point of earning more money. Instead, people are in it for The Game, The Status, whatever. Let them have those rewards (and a hefty chunk of their earnings as well), but the rest should go to wealth redistribution (useful public-sector jobs, etc. etc.), on which the consumer economy is dependent in any case.
Among other things, this takes the fiscal pressure off the guy in the carton-printing plant. |
And then on the other hand, a progressive tax system penalizes success. I tend to lean more along the lines of "point of sale" taxes. Taxing consumption seems more fair than taxing income.
This of course after the Government Diplodicus is reduced down to a manageable and logical level.
Hey, I have some crullars for you. Where is my St Emillion Gran Cru? Chateau Pontiff will do nicely. :)