Tilted Forum Project Discussion Community - View Single Post - The gap between the rich and the poor: how do we reduce it?

filtherton · 04-23-2011, 10:11 PM

I voted for a progressive tax system. Specifically, one without loopholes so that rich folks can pay a fancy accountant to help them avoid paying taxes.

I think that wealth tends to foster more wealth, so that over time, more and more money will become concentrated among fewer people. This isn't necessarily a bad thing if properly checked. It isn't being properly checked right now, probably because the masses are too caught up in petty squabbling to recognize who's really in charge.

I don't buy the idea that increasing taxes on wealth folk somehow discourages them from trying to earn more money either. I don't know anyone who'd turn down making more money because they don't want to pay more taxes. I'd rather pay 25% on $100,000 than pay 0% on $30,000.

04-23-2011, 10:11 PM	#3 (permalink)
filtherton Junkie Location: In the land of ice and snow.	I voted for a progressive tax system. Specifically, one without loopholes so that rich folks can pay a fancy accountant to help them avoid paying taxes. I think that wealth tends to foster more wealth, so that over time, more and more money will become concentrated among fewer people. This isn't necessarily a bad thing if properly checked. It isn't being properly checked right now, probably because the masses are too caught up in petty squabbling to recognize who's really in charge. I don't buy the idea that increasing taxes on wealth folk somehow discourages them from trying to earn more money either. I don't know anyone who'd turn down making more money because they don't want to pay more taxes. I'd rather pay 25% on $100,000 than pay 0% on $30,000.