| senseinobaka said: The OPs logic fails so badly. The opposite is actually true. Those who earn Higher incomes are more likely to work >40 hrs a week and be salaried while lower income workers tend to work only 40 hrs a week or less and be paid hourly. This is nothing more than a sad wealth envy attempt. Get over it, the person making more money than you does so becuase they work harder than you do. The only time people reach a leisure point when they stop working is when they save enough to retire. At which point a progressive income tax doesnt matter because they no longer earn an income. So if anything you are arguing towards a progressive capital gains tax. |
I don't really have much to be envious about... both of my parents' incomes are over the maximum tax barrier, my dad's, almost twice over. This is not envy.
This is stuff that I've put together myself, coupled with information I picked up from my economics text books/ lessons.
Quoted:
"Work is, arguably, an inferior good, whilst leisure, its alternative, is a normal good. The higher an individual's income, the less willing he or she is to work."
I can see this with my dad. When he earned little (below the minimum wage... because it was before the minimum wage) he worked six days a week and he worked overtime most nights. This is because the extra money, which, although wasn't a lot, was a lot to him relatively. Now, he only works 4-41/2 days a week (and that's starting to drop a little for more golf) because he doesn't need the extra money
