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Yes. Fair doesn't necessarily mean equal. A 10% tax could eat up literally all the disposable income of someone who is barely scraping by, but is hardly noticed
by tstrimple 8y ago
Yes. Fair doesn't necessarily mean equal. A 10% tax could eat up literally all the disposable income of someone who is barely scraping by, but is hardly noticed by a person who is bringing in hundreds of thousands of dollars a year.
- jniedrauer 8y agoIn a fair society, it would become more and more challenging to move up the economic ladder as you reach higher levels. In our society, life gets easier as you move up. Beyond a certain threshold, you can set up a self-maintaining rent seeking empire and stop working entirely, while your wealth accumulation continues to accelerate.