Troublemane
Well-Known Member
I'm guessing you've seen it explained before, but you won't accept it due to your bias.
Wow, thanks for not descending to your usual personal attacks and "steaming drivel", you normally purvey. You managed to limit it to just a snide, snarky remark! Thanks! We are getting somewhere!
The reason for a progressive tax is that all income is not equally valuable. If you're taking from the money someone uses to buy basic food, clothing and shelter, that's a lot harsher than taking from the money someone uses to buy a boat. With each successive portion of income you make, it gets increasingly less necessary or valuable, and you are more able to contribute more and more without sacrificing anything from your lifestyle.
You are giving an explanation, not a moral justification. If two people own houses, one is 100 square feet while the other is 10,000 square feet, but both people built their own houses---from the sweat of their own brows,---does someone else have the right to come and take half the larger house and give it to the person with the smaller house?
Or to come and force the person who owns the larger house to open his doors and allow 100 people to live there, simply because he has more than enough room?
It's the only real way to raise the money needed to support a decent government.
That seems pretty subjective. What is "decent"? I would think a government which is sustainable, based on the GDP of the governed should be "sufficient", but government which promises more than it can reasonably return is irresponsible at best, tyranny at worst.
And your question is just ridiculous. It's not to prevent people from becoming wealthy, as we can see by the fact that the U.S. and pretty much every other industrialized country has a progressive tax system, and there are loads of wealthy people in all of them. Someone making $2 million and paying 36% in tax is still making $1.28 million. I'd hope that would be enough to become wealthy. The person making $1.5 million and paying 33% in taxes is still making $1,005,000. And those numbers are exaggerated for what Americans pay.
The question is not ridiculous. Your argument that there are wealthy people(many I would point out, like Warren Buffet, fully endorse the progressive tax system), despite there being a progressive tax, does not dispute the premise I put forward that it is there to prevent people from becoming rich. The harder you work, the more taxes you pay, so at some point you are going to stop moving forward.
Now if you were born rich, and have massive wealth (like the Kennedy's), then you have nothing to worry about because you have lawyers and accountants, and money in off-shore accounts, or invested, or in tax shelters, or in tax free municipal bonds, or in TRUST FUNDS, and you can get by without having to show an income.
Or, if you work for a huge corporation and make 1 million per year, you can decide not to collect your salary for that year, and it won't hurt you to badly---you can roll it over into company stock, or buy real estate, and avoid the tax man that way.
But if you are a working stiff (like me) then you notice things like....if I work a 40 hour schedule and then work 30 hours overtime, I make more money than if I work 30 hours STRAIGHT time and 40 hours OVERTIME. Tell me that makes sense?
Or back when I worked two jobs, making $9 per hour each. I was working roughly 80 hours a week, bringing home 38k a year. And at the end of the year, I wound up OWING the government 2,000 dollars. Why? Because they didnt take out enough in each job to add up to the total I owed. NOW I make $23 per hour, and work much easier hours, and take home slightly more per year. But if i could work another job maing as much as I do now, and not worry about the government taking progressively more and more of my check, I would do it.
Under a progressive income tax system, if you work twice as hard you only get back less than what you put in. So what is the incentive to work harder?
Thats pretty subjective. What gives another person the right to determine when someone has enough money? Thats my whole question, what is the moral basis on confiscating someone's hard earned money at an ever-increasing rate? I mean, its not like government will ever run out of projects they want to waste money on, so its obvious they dont see the use of our money as a sacred trust. Why should I care to give them a dime?What would you define as wealthy? the progressive tax means you don't have to determine that. It means, the more you make, the more percentage you pay. Someone making $100,000 can pay 20% more easily than someone making $35,000 can pay 10%.
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