SirPwn4lot
Banned
- Joined
- Dec 3, 2010
- Messages
- 523
- Reaction score
- 148
- Location
- Perth, Western Australia
- Gender
- Male
- Political Leaning
- Independent
I do not for two reasons. One is my concept of fairness which is objectivist. The second is the fact that a progressive tax system ultimately will collapse
My concept of fairness is based on outcomes, not on superficial intermediates. The damage caused by a 5% increase in tax for example, has a significantly higher cost for those who are already spending most of their income, and can barely get by paying their bills, than it does for the mega-rich, whom will see a number in a savings account drop a few digits. Assets have diminishing returns. A 5% increase in income after tax for someone say.... living on under a dollar a day could be the difference between feeding your children or not. A 5% increase in income for someone in the lower class in the United States could mean the difference between being able to pay the bills or not. A 5% increase in income for someone in the middle class could mean the difference between sending your 5 kids through college or not. A 5% difference in income after tax for someone earning a 1 million+ salary could be the difference between a Ferrari and a Porsche. Thus, I consider a 5% tax increase for those earning 1 million+ a near insignificant deduction, while a 5% tax increase for the lower class a devastating blow, and support a progressive tax system.
A long, long time ago they had a flat tax system in Athens. They would kick those out who couldn't pay the tax. Eventually they changed to a progressive tax system. The progressive tax system is taking it's damn time collapsing.