Last edited by Neomalthusian; 01-18-12 at 07:00 PM.
"The knowledge and prudence of the poor themselves, are absolutely the only means by which any general and permanent improvement in their condition can be effected." - Thomas Malthus
Of course it also incentivizes NOT spending, which is hardly what the economy needs right now when the biggest problem is a lack of consumer demand. Slap a 17% national sales tax on top of your 6% state and local taxes and see how that impacts the economy.
If you think 90% is a great rate you need to start paying that much of every next dollar you earn. If you aren't willing to keep only 10c of every dollar you earn you have absolutely no integrity demanding that others pay that rate
TD-I pay too much tax for what I get
TSL-you need to pay more even though you pay more than most people
so who has the proper standing? someone who is paying the top rates vs someone who thinks others who pay more ought to pay even more
and no one has advanced a credible argument against me because they are all based on the following two assumptions
1) ability to pay (and of course they exempt many people who can actually pay more than they do-ie almost all the middle class) is the most important factor for determining taxes
2) the rich have too much money and the purpose of the tax system is to make things "fairer"
well I reject both of those assumptions so all the arguments that are based on those premises have absolutely no value in a debate on this issue.
Treat the earth well: it was not given to you by your parents, it was loaned to you by your children. We do not inherit the Earth from our Ancestors, we borrow it from our Children. ~ Ancient American Indian Proverb