haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
This clearly is a political thing, and opinion falls along political lines as should be expected. But I have several close friends, in their early 40s who as singles, not counting any investment income, have earned income of $750,000 to $1mm every year.
My point is really that "don't tax me, don't tax thee, tax the man behind the tree" is an morally and economically debilitating policy.
If we need more taxes, and we likely do, pass VAT legislation and be sure that consumption is taxed, rather than even more heavily the income of the nation's most productive people. I am an old divorced man with modest assets- a VAT will hit me directly. But it will be better for the country, and its people's moral stature.
In these debates some people seem to forget that high earners already pay an overwhelming proportion of the income taxes paid in our fair land.
Ha
My point is really that "don't tax me, don't tax thee, tax the man behind the tree" is an morally and economically debilitating policy.
If we need more taxes, and we likely do, pass VAT legislation and be sure that consumption is taxed, rather than even more heavily the income of the nation's most productive people. I am an old divorced man with modest assets- a VAT will hit me directly. But it will be better for the country, and its people's moral stature.
In these debates some people seem to forget that high earners already pay an overwhelming proportion of the income taxes paid in our fair land.
Ha