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Reply to ""Tax the Rich""
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[quote=Anonymous][quote=Anonymous]The wealthy need to pay more on investments - a wealth tax if you will. People who earn money through labor, of whatever kind, are taxed more than enough already. I'm also pretty certain that many people roll the social security/medicare cut of their check into what they think are income tax or "taxes". Despite them paying no income tax. [/quote] This is not a wealth tax. It is a more equitably assessed income tax. Which I agree with - but it isn't a wealth tax. A wealth tax is akin to property tax, where at some point each year you are required to pay a small percentage of the value of an asset, whether it be real property, an investment account, or whatever. [/quote]
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