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Assuming you believe prices represent value, then if you believe that high-income earners get more out of roads than they pay for them, either low income earner
by lumb63 4y ago
Assuming you believe prices represent value, then if you believe that high-income earners get more out of roads than they pay for them, either low income earners get less out of them than they pay for (regressive taxation), or the price of roads is simply too low. Either you think the premise is wrong, or I’m missing something.
- chongli 4y agoI'm not talking about income earners, I'm talking about business owners. You can be a billionaire owner while drawing a $1/yr salary. Steve Jobs was one famous example. He got far more benefit (net billions) out of the infrastructure of the US than an average person (who will not get anywhere near a billion in their lifetime). Percentages are misleading when it comes to economic status. Look at it this way. Say you have 2 people, one who works retail and earns $10/hr and pays 10% taxes, pocketing the other $9/hr. The other person owns $2 billion worth of stock and cashes it out and pays 12% capital gains tax, pocketing the remaining $1,760,000,000. Even though the billionaire paid higher tax as a percentage, they received far more benefit from having a safe, stable, secure society than the retail worker. Why do so many people with money choose to move to the US from 3rd world countries? Even when they could stay home and pay no taxes and live like kings due to their purchasing power, they choose to come to the US where their wealth instantly shrinks (lower purchasing power) before even paying a cent in taxes. It's because they recognize the enormous benefits of low corruption, security, safety, education, health care, and infrastructure that the US has that their home country lacked.