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This was in the context of a political discussion about what the tax bands should be, not about paying the current taxes in reality. Some people want higher ta
by iainmerrick 7y ago
This was in the context of a political discussion about what the tax bands should be, not about paying the current taxes in reality.
Some people want higher taxes and some want lower; what I’m saying is, 50% stood out as an arbitrary threshold that many people seemed possibly willing to agree on.
Some complained that rich people shouldn’t be expected to prop up the rest of society, but conceded that progressive tax bands might be okay as long as the top rate was no more than 50%. Others felt that highly progressive taxes were essential; they wanted at least 50% as the top rate.
- kazagistar 7y agoTax rates dont pay for services, they pay for preventing inflation. The government printing money pays for services.
- iainmerrick 7y agoTax rates dont pay for services What are you replying to?
- mech1234 7y agoYou are being needlessly contrarian. Fiscal policy comprises both borrowing and taxing; the two are fungible as far as spending is concerned.
- aidenn0 7y agoThe government can only effectively print money to the extent that they can convince bond purchasers that taxes will be collected in the future.