3 ms·
I completely agree. If Man A with $100,000 and woman B with $500,000 buy the same $50,000 sport car, they pay the same luxury tax on it. My original question
by Femur 18y ago
I completely agree. If Man A with $100,000 and woman B with $500,000 buy the same $50,000 sport car, they pay the same luxury tax on it.
My original question posed to the parent poster was questioning if prices of goods should be based on the income/worth of the individual.
- jbrun 18y agoI think that would be near impossible to enforce, and probably not worth the trouble. Look at all the families that lie about their income and net worth so their kids can get scholarships and student-aid at expensive universities. People will always try and avoid taxes, thus, taxes should be kept simple to avoid loopholes. This is why I really like consumption taxes as opposed to income tax. I think that their should be higher estate taxes, people should not be able to inherit massive fortunes. Some money is ok, but I like the saying, "You should leave enough money for your kids to do whatever they want, but not enough for them to do nothing at all" I know I changed the subject, sorry.
- Femur 18y agoIt's OK and I upvoted you. I think anything other than a flat tax is immoral. I think a national sales tax and elimination of income taxes is a great idea. I merely posed my original response as a thought experiment.