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There is also a hazard in this line of thinking. The money that the IRS collects is owed only in the most legal of senses. In reality there is very little reaso
by cuteboy19 4y ago
There is also a hazard in this line of thinking. The money that the IRS collects is owed only in the most legal of senses. In reality there is very little reason why any individual should forgo 30% of their income for not much benefit. Thinking of the IRS as a infinite money multiplier implies thinking of the people as a bottomless well of money.
The answer is not to keep funding the IRS until this ratio comes to a saturation point, but to reduce taxation till this ratio reduces to a more sane number
- rrrrrrrrrrrryan 4y ago> there is very little reason why any individual should forgo 30% of their income for not much benefit You're right - extremely wealthy individuals should forgo 70%+ of their income for not much (individual) benefit.
- kadoban 4y ago> In reality there is very little reason why any individual should forgo 30% of their income for not much benefit. Other than the benefit of having a functioning society, and some sort of semblance of a safety net.