The system rewards those who produce more. Are you telling me that people who produce more don't, all things being equal, end up with more rewards under the American economic system?
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Originally Posted by flstf
If we were taxed on our profits instead of income, not many of us would show a profit at the end of the year.  |
Yes. And it would shift the tax burden from the poor to the rich far more effectively than the current tax system, assuming a flat tax on profits.
The current income-tax model rewards people who can replace "income" with "profit" under the tax laws.
Build an income-tax model that doesn't do this, and you could argue it is fair.