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Flat fees/taxes are unpopular because people tend to believe that the capitalist system is inherently unfair. For instance, a rich person who gets $100 can inve
by audunw 12y ago
Flat fees/taxes are unpopular because people tend to believe that the capitalist system is inherently unfair. For instance, a rich person who gets $100 can invest all of it, while a poor person must spend it on necessities. (And there are deep psychological drives and practical reasons that also cause most people to spend more irrationally when theyre poor as well)
Theres also Pikettys argent that return on capital grows faster than the economy.
But there are counter-arguments, and its always good to consider and experiment with new ideas, so believe what you will. But I think people have a prettty good reason for liking a progressive tax, even rich people like this.
Personally I think the economy has deep flaws. Like private ownership of natural and limited resources being a thing (which i believe will cause wealth to consentrate in a counter-meritocratic way) and the transfer of money not accurately reflecting the value of intellectual "property" (transfer of money of physical goods, which money is supposed to model, is zero-sum. sharing intellectual products is not). So I welcome new thoughts. But I dont think anyone has the right solutions yet, and flat fees/tax isnt exactly a new idea.