3 ms·

It looks like this plan would only apply to a fraction of the economic top 1%. Most people tend to support a progressive tax system, probably because it seems r

It looks like this plan would only apply to a fraction of the economic top 1%. Most people tend to support a progressive tax system, probably because it seems reasonable that the richest should help out a little more than the poorest.

rileymat2 8y ago
I 100% support a progressive tax system, whether it applies to the 1% or everyone, not accounting for inflation strikes me as structurally unfair.
microcolonel 8y ago
Even in a flat system, the productive contribute more. The current system is aggressively progressive, almost all the income taxes are paid by a tiny minority.
- rileymat2 8y ago
  The rich surely contribute more in absolute terms, but that is not the only way to look at things. For instance, you could look at contribution as a percentage of discretionary income. In those terms, you might find that the middle class contributes the "most".
- danaris 8y ago
  The rich can afford to give up a much higher percent of their wealth or income in taxes than can the not-rich. Living expenses do not simply increase as a linear function of income or wealth. They increase, sure, but there's an effective upper bound. Jeff Bezos does not need to buy 10,000 times more food (or food 10,000 times more expensive) than someone making minimum wage. Thus, the statement that "in a flat system, the rich contribute more," while trivially true, serves only to obscure the horribly damaging nature of flat tax schemes—or, indeed, even schemes that are only as progressive as the one we have now, which has allowed the very wealthy to accumulate the vast majority of all gains in the economy for decades. That's...not a good thing. It's something we need to be working against, and increasing the progressiveness of our tax scheme (however "aggressive" some may feel that makes it) is one good way of doing so.

3 ms·

It looks like this plan would only apply to a fraction of the economic top 1%. Most people tend to support a progressive tax system, probably because it seems r

by jdavis703 8y ago

rileymat2 8y ago
I 100% support a progressive tax system, whether it applies to the 1% or everyone, not accounting for inflation strikes me as structurally unfair.
microcolonel 8y ago
Even in a flat system, the productive contribute more. The current system is aggressively progressive, almost all the income taxes are paid by a tiny minority.
- rileymat2 8y ago
  The rich surely contribute more in absolute terms, but that is not the only way to look at things. For instance, you could look at contribution as a percentage of discretionary income. In those terms, you might find that the middle class contributes the "most".
- danaris 8y ago
  The rich can afford to give up a much higher percent of their wealth or income in taxes than can the not-rich. Living expenses do not simply increase as a linear function of income or wealth. They increase, sure, but there's an effective upper bound. Jeff Bezos does not need to buy 10,000 times more food (or food 10,000 times more expensive) than someone making minimum wage. Thus, the statement that "in a flat system, the rich contribute more," while trivially true, serves only to obscure the horribly damaging nature of flat tax schemes—or, indeed, even schemes that are only as progressive as the one we have now, which has allowed the very wealthy to accumulate the vast majority of all gains in the economy for decades. That's...not a good thing. It's something we need to be working against, and increasing the progressiveness of our tax scheme (however "aggressive" some may feel that makes it) is one good way of doing so.