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You're calling him arrogant for the same thing that you're doing. The part that you're missing is that progressive tax is still regressive in terms of marginal
by beeboop 11y ago
You're calling him arrogant for the same thing that you're doing.
The part that you're missing is that progressive tax is still regressive in terms of marginal utility of the taxed income. People look at percentages or dollar amounts when what we should look at is the utility of that dollar.
If I am paid $50,000 a year, let's say I get taxed around 30% (including the plethora of other gas/sales/alcohol/property/SS/medicare taxes I pay). That means I lose $15,000 a year. After rent, food, clothing, and life's other expenses, I have maybe $10,000 a year in disposable income.
Think about that - I get taxed more than I have available in disposable income. That extra $15,000 I pay is a SHIT LOAD to me. It means drastically different lifestyle changes. It means living somewhere clean and safe versus living in a crime ridden shithole. Paying for kid's college in only a few years. Being able to actually afford private health insurance. The value of $15,000 to me is thousands of times more valuable than $10,000,000 a year to someone making $20,000,000 a year. That's one less mega yacht, per year, for someone like that. You are not taking much of value from them when they already have everything.
And despite that, you still think it's unfair? Quit getting caught up in dollars if you want to discuss fairness. Look at the value of what you take from people.
- Can_Not 11y agoThadd is either an obvious troll or terribly selfish and delusional on what constitutes fairness. I would much rather the government rob me by mail in the spring than be stabbed year round by the poor. This attitude of "not my problem" and "but that's my money" is being taken to a really socially destructive extreme and is basically (incoming hyperbole) a type of crowd sourced genocide.