Z, There's no evidence that this actually works. Really, none. There's no evidence that taxes are effective in redistributing wealth. Really, none.
Look at the states with the most progressive tax code, and you'll see states with the greatest gap between rich and poor.
The incomes of the rich are notoriously unstable. They'll make $30M one year, and zero the next. That's how, among other hypocritical liberals, Arianna Huffington got away with paying zero income taxes for a few years.
Yet you see revenues for Social Security and Medicare staying relatively constant. The FICA tax is semi-regressive because of the cap, while Medicare is (or was, up until this year,) funded by a flat tax.
If you get past your whole "Oh we need to help the poor by taxing the rich" bleeding heart, you'll see that this tax policy makes the most sense in terms of funding government services. EVERYONE pays their fair share, and tax revenues are more resilient to the ups-n-downs of the marketplace.
Of course, all you care about is ideology, which is why your gut reaction is to paint me as a friend of corporations and the rich. And you know what? I really don't give a f--k, because feelings have little to do with rationality.
Tenchusatsu |
