Thread: PA budget
View Single Post
Old 03-11-2011, 10:04 AM   #38
Fair&Balanced
Operations Operative
 
Join Date: Feb 2011
Posts: 495
Quote:
Originally Posted by Flint View Post
But "the rich" have worked hard to put themsleves ina position to be able to weather economic ups and downs. That is the point of acquiring wealth--to reduce the risk you are exposed to. What you are suggesting is to impose an artificial condition. In effect, to "undo" what they have done for themsleves.
Progressive taxation, where the wealthier pay a marginally higher rate may be an "artificial condition" in theory. But in practice, it is the only systems of taxation that has proven to be able to fund the cost of government, which is why it has popular support.

It is not the wealthy complaining they pay too much in taxes. It is a relatively small segment of society with libertarian principles who want a "fair tax" system that have never been successfully applied anywhere in the world.
Fair&Balanced is offline   Reply With Quote