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Reply to ""Tax the Rich""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Taxes is theft plain and simple. The rich have money to spare and taxes doesn't affect them. If things were FAIR, then anyone making less than 100K a year and owning less than 2 million dollars of real estate, would have to pay ZERO TAXES. [/quote] So much of this post is insane... But mainly, no, taxes are absolutely not theft. Think of them as a membership fee for being part of a society.[/quote] By this logic, everyone should pay for membership. But that's not how our tax regime works. It penalizes the most productive and successful in order to benefit those who contribute the least productivity, for no apparent reason. It also distorts the economy and markets through ever-changing government efforts to apply social engineering through a system of tax-related incentives and disincentives, causing people and businesses to engage in behaviors they otherwise would eschew. A fair system would be a flat tax where everyone, regardless of income, pays the same rate. People with higher incomes pay more, lower incomes pay less, everybody pays and feels the same amount of relative pain. The inefficiencies inherent in our convoluted system of deductions, income brackets, credits, and exemptions could be instantly eliminated. [/quote] "everybody pays and feels the same amount of relative pain." That's exactly how you get tax brackets. 30% for people making more than 1M/yr does not materially impact the quality of life. But 30% on someone making 50k has a massive impact on the ability to do basic things in life. You seem to be making a moral argument for progressive taxes but then asking for a regressive tax system. That doesn't work. [/quote]
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