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This is a stupid way to get a progressive tax system. If you want a progressive tax system just do it and don't mess around with complicated schemes to avoid th

by ohyes 11y ago

This is a stupid way to get a progressive tax system. If you want a progressive tax system just do it and don't mess around with complicated schemes to avoid the political consequences of it. Tax the wealthy at 60-70% and everyone else at 30-40% and provide decent social services and be done with it.

sageikosa 11y ago
...and a huge bureaucracy so that we can be certain that the social services are decent (since we won't be able to gauge efficiency or utility by supply and demand market pricing)...then huge organized labor and pensioning systems to attract and vest people into a system... Since we already have these last two, then taxing the wealthy seems like a good way to go, except that you need to expand the concept of wealthy to actually make enough money; all the while the "wealthy" will find ways to protect their wealth. It might be easier to simply print more money and give it to government agencies, but then other nations will probably value your currency less due to inflationary bloat.