| rocketpig said: I used to scream "flat tax! flat tax!" but it's just not a reasonable stance. With the wealthiest 1% controlling more and more of America every year, it's gone completely out of control. The gap between even the middle class and the wealthiest Americans is red shifting far more than it ever should. When 5% of Americans own nearly 2/3rds of our wealth, something isn't right with this country. It's gone from "work hard and you'll succeed" to "put yourself further in debt every year to maintain an equivalent lifestyle to your parents". OT: if they earn 33% of all income, they should probably be paying somewhere around 66% of all taxes. They're making all that money on the backs of the American public. Giving some of it back to maintain the infrastructure that supports them won't kill their pocketbooks. With that said, the entire government structure should be aggressively sliced down so EVERYBODY pays less in taxes. |
Or you could just switch to a flat wealth tax.
Though that'd probably impact growth and investment.
Really though, the rich getting richer is something you can only slow and never stop. No matter how progressive the taxation. (outside of like... 95%).
The rich drive the economic growth, and if they aren't going to get the lionshare of those riches, are they really going to risk so much for so little?
When you look at it, practically every countries gini coefficent is growing.
Outside of like China anyway.
Edit: No, wait... looks like their Ginicoefficent is rising too... go figure. Even in a controlled economy it doesn't work.
