porksboy wrote:
So from each according to his ability? Someone needs to read Carl Marx, One of the tenants of Marxism is "From each according to his ability, to each according to his need". Lets take MORE money from those that make more. It removes the incentive to attain wealth. I am busting my ass to attain my wealth, if the reward for attaining weath is to pay a disprapotionate amount of tax or penalty when I screw up why should I work hard to attain said wealth?
As for the flat tax check out the fair tax. http://www.fairtax.org/site/PageServer
So when you get rich, you should be able to get away with speeding? Bust your ass so you can pay a negligible amount of your wealth?
You do realize that even if you do pay more, you also get the benefits of having wealth- better everything. You'll note that the rich are still quite comfortable in countries where taxes are quite high- many countries in Europe for example. Somehow, even with high taxes and relative penalties, people are willing to work hard so that they can afford the extras that they don't need, but want in life.
This argument is brought up a lot, and it doesn't take but a quick look around the world to see that it's a BS argument. Unless you want excuses.
Please, convince me that a $200 penalty is the same for a person with 10% savings rate, a home relative to their income, and the two make $20k and $200k each. Don't use Carl Marx or claim socialism or whatever- do the math, show me that they are equal relative to their lives.
For one, $200 makes it hard to make a housing payment, or food, or whatver. For the other, sacrifice a luxury for a month- big deal.