3 ms·

The answer is always the same: a gradual tax on his income. So the first, say, 40k he pays is taxed at, say 10%. The next 60k at 15%. And so on. Don't concentra

by otikik 6y ago

The answer is always the same: a gradual tax on his income. So the first, say, 40k he pays is taxed at, say 10%. The next 60k at 15%. And so on. Don't concentrate on the numbers, concentrate on the concept: As brackets go up, the higher the taxed percentage. It never comes to 100% but it should be quite high after the first million. Why I think this is fair? Because it is no longer possible for people to "put themselves over" University by "college working". The group that Wealthy Person X belongs to has managed to extract a lot of wealth from the society, making it worse for everyone else. It's time to give back.

bluecalm 6y ago
Except if you provide a useful service people want to exchange money for then you made society better off even if you don't pay any taxes ever. This is obvious yet so often missed by the "rich people evil" rhetoric. If you think people are enriching themselves unjustly focus on fixing those mechanism instead of punishing those who make the world a better place for everyone around them.
- otikik 6y ago
  > if you provide a useful service people want to exchange money for then you made society better off even if you don't pay any taxes ever Society will be even better if you do that and pay taxes. > If you think people are enriching themselves unjustly focus on fixing those mechanism instead of punishing those who make the world a better place for everyone around them. The purpose of taxes is not punishment. Consider that maybe it is you who is fixated into the wrong thing.
  - bluecalm 6y ago
    Yes, I was specifically arguing against the point "you extracted money from the society and therefore made it worse off". This argument is often raised and it's based on the idea that if you make a lot of money you're somehow exploiting others.
11thEarlOfMar 6y ago
I'm curious about the notion of becoming wealthy by extracting wealth. Here are four ways to increase one's wealth, which of the four is an extraction: 1. Earning a salary. Generally speaking, the larger the organization and the higher the position the higher the salary. 2. Investing in stock. The more a company grows, the more valuable the stock becomes, the more the investor's stock is worth. 3. Owning a home. The more people there are, and the more desirable a location is, the more valuable the property is, and the more the home is worth. 4. Owning a business. The harder and smarter your work, the more the business is worth. As the owner, that grows your wealth. How do these methods of increasing wealth make it worse for other people? Or are you referring to another way? For example, a drug pusher who gets people hooked and then sells them drugs is for sure extracting. Or a monopolist who can charge any price he wishes is extracting if he chooses to exploit that position. However, the majority of wealthy people are not of that type.
- otikik 6y ago
  If a group gets wealthier while everyone else gets poorer, then the first group has extracted that wealth from the second group. The thing about taxes is that they act on groups and equalize things. They are what makes (or, should make) this ficticious person of your pay for the construction of a road that he will never step on, or for a school that his children will never use. The wealthier they are, the more they have extracted. Thus the more they should be taxed. It is really not that difficult.

by otikik 6y ago

bluecalm 6y ago

Except if you provide a useful service people want to exchange money for then you made society better off even if you don't pay any taxes ever. This is obvious yet so often missed by the "rich people evil" rhetoric. If you think people are enriching themselves unjustly focus on fixing those mechanism instead of punishing those who make the world a better place for everyone around them.

otikik 6y ago
> if you provide a useful service people want to exchange money for then you made society better off even if you don't pay any taxes ever Society will be even better if you do that and pay taxes. > If you think people are enriching themselves unjustly focus on fixing those mechanism instead of punishing those who make the world a better place for everyone around them. The purpose of taxes is not punishment. Consider that maybe it is you who is fixated into the wrong thing.
- bluecalm 6y ago
  Yes, I was specifically arguing against the point "you extracted money from the society and therefore made it worse off". This argument is often raised and it's based on the idea that if you make a lot of money you're somehow exploiting others.

11thEarlOfMar 6y ago

I'm curious about the notion of becoming wealthy by extracting wealth. Here are four ways to increase one's wealth, which of the four is an extraction: 1. Earning a salary. Generally speaking, the larger the organization and the higher the position the higher the salary. 2. Investing in stock. The more a company grows, the more valuable the stock becomes, the more the investor's stock is worth. 3. Owning a home. The more people there are, and the more desirable a location is, the more valuable the property is, and the more the home is worth. 4. Owning a business. The harder and smarter your work, the more the business is worth. As the owner, that grows your wealth. How do these methods of increasing wealth make it worse for other people? Or are you referring to another way? For example, a drug pusher who gets people hooked and then sells them drugs is for sure extracting. Or a monopolist who can charge any price he wishes is extracting if he chooses to exploit that position. However, the majority of wealthy people are not of that type.

otikik 6y ago
If a group gets wealthier while everyone else gets poorer, then the first group has extracted that wealth from the second group. The thing about taxes is that they act on groups and equalize things. They are what makes (or, should make) this ficticious person of your pay for the construction of a road that he will never step on, or for a school that his children will never use. The wealthier they are, the more they have extracted. Thus the more they should be taxed. It is really not that difficult.