Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (46253)	2/14/2004 9:05:17 AM
From: Seeker of Truth	Read Replies (2) of 74559

Hello Maurice, A fixed %, say 20% of income taxed away could be catastrophic for a poor person and a non-event for a very rich one. Emotion propels your analysis, not mathematics. The investment correlation here is "are the governments which favour a graduated income tax crazy or not?" If they are stark raving mad then we see huge country risk. In fact, most governments that levy income taxes do so in a graduated way. Either they are genuinely sympathetic to the plight of the poor or they wish to project such an image. I live in a country with habeas corpus. I'm unlikely to be suddenly arrested for I have no idea what, and tortured month after month to compel a "confession" unrelated to the truth. So every April I am grateful and happy to pay my income tax, every penny owing, though the % is higher than poor people pay, which in Canada is usually zero.

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