SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sedohr Nod who wrote (314490)11/5/2002 10:16:01 AM
From: TigerPaw  Read Replies (6) of 769667
 
A progressive tax rate is a good idea. The exact rates should be determined by revenue requirements and other factors. The basic idea is similar to what is known as negative feedback in control circuits.

Essentially, the more money you make, the more difficult it should be to make even more. We currently have a positive feedback system where the richer you are, the better ability there is to increase your income. This leads to unstable gaps between rich and poor which are the usual root to social problems in countries. Under a negative feedback system ambitious people still do better than those who try just hard enough, so it encourages industry and hard work over slacking, but it provides the encouragement in a more continuous scale. Progressive tax rates are not the only way to achieve stability, but they are one of the easiest to administer.
TP
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News