Allowing many people to have a shot at being uber-wealthy is dangerous
Making the uber-wealthy share the load would be bad for the economy
The middle class do not have as much of an influence on politics as the wealthy do
The idea that the middle class pay the most crippling amount of income tax is a myth
A few wealthy, a few more middle class and many lower class citizens is best
Could imagine what type of a business/gov battle this would set off though, arguing that their product deserves a lower tax rate because.....
Last edited by David D.; 08-26-11 at 10:21 PM.
The answer, of course, is because social welfare programs are not the government's only expense.
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers
No exceptions. No exemptions. No sin-tax (tobacco). No write-offs.
It doesn't matter if you're buying a loaf of bread or new Jaguar: 20%. It doesn't matter if you use a lot of water because you have a medical condition and take baths (essential), or you just enjoy a long hot shower (luxury): 20%.
It doesn't matter if your business *needs* a new piece of equipment, or if you just want to upgrade because you had a good year: 20%.
It doesn't matter if you have a high electrical and internet bill because your taking online collage classes (essential), or your debate online at all times of day and night (luxury): 20%.
Last edited by Jerry; 08-26-11 at 10:38 PM.