Entroper on 11 January 2008
| Eomund said: LOL. I really did. It is not the governments business to regulate how much a person spends. If they save money now, they will use it later. Even if they don't, their heirs will. It is fair because the person who earns the 100,000 could also save their money and invest it. Investments or savings of either the $1 million man (hehe) or the $100,000 man will stimulate the economy which creates more opportunities (jobs). This is fair. |
I agree with this.
@Crashman:
Yes, there is the possibility that you can spend your money overseas, but there are consumption taxes in other countries, too. With an income tax, first your citizens are taxes on their income, then they pay consumption taxes if they buy foreign goods, then they pay any import/export taxes. This is fair?
Regarding campaign contributions, those contributions will be spent on advertising, where they will be taxed. I don't see a problem here. If you want to argue for campaign finance reform, I'm all for that.
