4 ms·
If it were up to me we'd derive all our tax from things that actually effect the commons: land usage, water usage, pollution, waste. Taxing income or capital g
by lacampbell 7y ago
If it were up to me we'd derive all our tax from things that actually effect the commons: land usage, water usage, pollution, waste.
Taxing income or capital gains in the first place was a mistake.
- eanzenberg 7y agoUnfortunately the reality is this leads to a regressive tax structure, as history has shown. Intelligent people can accumulate wealth many orders of magnitude faster than the “unwashed masses.” I’m actually surprised by this since I assumed 99% of people are ok with progressive taxation. I believe the real argument lies in how progressive it is, as the extreme limit leads to the wealthy paying 99% of the taxes. I think currently the 1% pay 50% of the taxes in the US so the sliding scale it more towards progressivism anyways. You could argue how much more you can squeeze vs. the repercussions of such.