Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Amy J who wrote (181099)	1/20/2004 12:05:05 PM
From: Tenchusatsu	Read Replies (1) of 1574122

Amy, The rich person can experience accelerated growth, while the wage earning can't. The way most people accumulate wealth is through earning wages. Income taxes directly punish wage earners, and the rich will stay rich. So in a way, you could argue that income taxes stifle upward mobility. You could make the progressive tax curve even sharper, and only tax the truly rich, but then the same problem applies. Those who actually deserve the money get punished, and the truly rich stay truly rich. Tenchusatsu P.S. - You'll notice the difference between the "rich" and the truly rich. The "rich" are called that way by the politicians who want to wage class warfare. For example, I'm "rich" but not truly rich. I'm sure you must be, too.

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