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To: Night Trader who wrote (50872)6/10/2004 5:45:05 PM
From: Seeker of Truth  Read Replies (2) | Respond to of 74559
 
Of course the rich should pay more taxes. They make more and as you say benefit more. On the other hand they are always exerting themselves to reduce their taxes. Most of the rich capitalists are short sighted. Reducing their taxes inevitably reduces money for public education and that reduces the productivity of society, increases the crime rate etc. etc. In the end they have a rotten society where it's hard to make money. They are only thinking about NOW. I believe that the progressiveness of taxation, within some limits of course, is one of the best indices of a good country in which to invest.



To: Night Trader who wrote (50872)6/10/2004 11:50:41 PM
From: AC Flyer  Respond to of 74559
 
>>Should not a person who owns a disproportionate share of a society’s assets be expected to contribute more to that society’s expenses?<<

I can see why you didn't apply to business school.

Why is it that with you socialist types, my money always seems to wind up defined as society's assets.



To: Night Trader who wrote (50872)6/11/2004 12:05:09 AM
From: Cogito Ergo Sum  Respond to of 74559
 
Hi Martin,
A wealthier person has a larger stake in the maintenance of that society. Routine policing and protection of national borders though should affect all citizens equally no ?

However favor of a much more efficient national tax on consumption, on this I concur completely... (I'm in Canada)

regards
Kastel



To: Night Trader who wrote (50872)6/16/2004 2:19:23 PM
From: Tommaso  Read Replies (1) | Respond to of 74559
 
>>>Personally though I’d like to see all income and corporate taxes scrapped in favor of a much more efficient national tax on consumption, not just on goods as it is now but also services such as travel, housing etc.<<<

I can certainly agree with that, though actually in an indirect way that situation already exists. People who opt out of the cash nexus (wonderful jargon, ins't it) by raising a vegetable garden or doing their own plumbing avoid paying taxes that are factored into the price of what they buy. Not just income taxes but social security taxes, state taxes, and sales taxes. To buy tomatoes at $1.00 a pound, you have to earn $1.50, even if you are not in a very high tax bracket. Fix your own toilet for $10.00--or pay a plumber $150, for which you have had to earn $225.

Of course, when I had to pay $900 for a washing machine in France because of the VAT, a machine that would have cost maybe $500 in the United States, I did not like it very much, either.