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Originally Posted by SirSeymour
I find it amazing how so many can favor the redistribution of wealth (called theft by many of us) but only favor the concept with regard to wealth. I mean, hey, if it is good for doing with my hard earned money, why not do it with something like hard earned grades too. Those students who earn A's in college really don't need them all now do they? So why not just take a grade point or so from them and give it to the students who are not as diligent in the studies or as mentally gifted or who party too much? You know, the ones who have C or D average. That way the current A students will still have a B average and the C or D students can feel better about themselves and have a B/C average. Sound good?
Please.
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Maybe you live in the wrong country. Progressive taxation has been in our CONSTITUTION since 1913 with the Republican sponsonsored 16th amendment.
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The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.
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The first tax ranged from merely 1% on the first $20,000 of taxable income and was only 7% on incomes above $500,000.
Correcting for inflation 298,000 and 7,460,000 respectively. With such a high base for income tax, only 5% of americans paid into the system at the time. That compares with 80% paying in today.
If you don't like it, cry me a river. You won't find many nations with our standard of living with a tax rate anywhere NEAR as low as we have.