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Politics : View from the Center and Left

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To: JohnM who wrote (216341)	2/7/2013 7:50:55 PM
From: cosmicforce	Read Replies (1) of 542067

Yes, tax increases to Clinton years would be fine with me. That is probably the easiest battle. However, structurally our tax system STILL would favor the rich. I think we need to keep the regressive taxes off the books (like AMT which hits moderately successful dual income people) ... As I've said before - a wealth tax is probably more equitable than income tax. Income tax is like taxing the faucet's flow - a wealth tax is like taxing the pool. Since pools can be filled with rainwater (bypassing the faucet tax) we miss a lot of "income" (increase in pool volume, i.e., wealth). cf

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