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
lets say person A made $100 per week and person B made $10,000 per week.
Now lets suppose that a real flat tax existed and it was 25% of total income.
That would mean person A would pay $25 and person B would pay $2,500
While person B is paying a much greater amount than person A ($2,475 more), they are still paying the same percent of their money
Additionally, person A is actually hurting more than person B as he/she is only left with $75 and person A is left with $7,500. Because expenses don't magically take into account your income level, person A is loosing much more by giving 25% (i.e. $25) and person B hardly notices the 25% that they pay out.
Do you understand what I am saying? What this means is that your argument that the top 2% is paying way more than any other similar numbered group of people somehow is not "fair" ... is preposterous, as I just outlined above ... those 2% barely feel the taxes they have to pay, its like the taxes do not exist relatively speaking. Hope this helps.
http://www.debatepolitics.com/polls/...post1059662383 (Do You Want Higher Taxes?)
Answered:Originally Posted by sangha
China was centrally planned (under communism of course) and was stagnant for decades.In the modern era, China's influence in the world economy was minimal until the late 1980s. At that time, economic reforms initiated after 1978 began to generate significant and steady growth in investment, consumption and standards of living. China now participates extensively in the world market and private sector companies play a major role in the economy. Since 1978 hundreds of millions have been lifted out of poverty: According to China's official statistics, the poverty rate fell from 53% in 1981 to 2.5% in 2005. However, in 2006, 10.8% of people still lived on less than $1 a day (purchasing power parity-adjusted). The infant mortality rate fell by 39.5% between 1990 and 2005, and maternal mortality by 41.1%. Access to telephones during the period rose more than 94-fold, to 57.1%.
In the 1949 revolution, China's economic system was officially made into a communist system. Since the wide-ranging reforms of the 1980s and afterwards, many scholars assert that China can be defined as one of the leading examples of state capitalism today.
They added capitalism to their markets and it EXPLODED, taking their poverty rate from 53% to 2.5%. Freedom good eh?
Of course that's just one example. Freedoms in the marketplace are prone to lifting entire populations out of poverty, improving quality of life, giving more people political and social power, etc.
The unfairness in your example is simply that some people make very little money and some people make a lot. The $100 a week guy is hurting to a similar degree even if tax rates are zero. Suffering and fairness is subjective and it's not going to go away (at all) by tweaking tax rates.
"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