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This is the basis of progressive taxation. Tax the rich more because higher taxes are less of a burden to them. Taxing 30% of $20 000 is a huge blow, but 30% or even 50% of $200 000 leaves plenty of cash for a comfortable living.
I'm no economist, but I also understand that taxation also serves as a social control to keep the wealth gap from growing too much, since an excessive wealth gap is generally considered bad for society as a whole.
The idea that the rich deserve to be taxed less is a bizarre quirk that seems unique to America.
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I wake up in the morning more tired than before I slept
I get through cryin' and I'm sadder than before I wept
I get through thinkin' now, and the thoughts have left my head
I get through speakin' and I can't remember, not a word that I said
- Ben Harper, Show Me A Little Shame
Last edited by Martian; 06-05-2011 at 08:33 PM..
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