End tax exemptions, reduce sales taxes on non-luxury goods, and increase taxes on luxuries.
In the grips of the green monster, are we?
Why should the rich pay a higher percentage than anyone else? Because you want to punish them for your own failings?
In which case, the only thing to stop you being smug must be the knowledge that your children are likely to have a lower standard of living than you, and your grandchildren still worse.
And why would that be?
The rich pay a *lower* proportion of their income as tax than all but the very poorest, with the super-rich coming off best.
And it's still true that per capita they pay more.
Meanwhile, since the richest 5% (or 10%, I forget) have ~40% of the wealth, isn't it right that they should pay ~40% of the tax?
DANG! I thought it was called an INCOME tax, not a WEALTH tax!
Your jealousy, f course, thinks it ought to be a wealth tax. If I have more than you, I must have stolen it.
Gee, I can't begin to understand why Britain was called "The Poor Man of Europe" for so many decades. Until Margaret Thatcher cleaned out your statist socialist groupthink from the gov't and got the country moving again. |
