Quote:
Originally posted by Superbelt
No I wouldn't, but that would be a good start. I believe that at least when you get up to that 5% level you have a duty to pay back to America a certain percentage above and beyond, A Progressive Taxation for the benefit of living in a country where your wealth and property is protected as it is here. Government is there to protect our rights and property. When you have more of it, you need to pay more money to the nation to continue to protect it properly.
This is also a very good reason. Coming from a man as smart as he, and as accomplished at making money as he. His word should carry much weight.
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If you wouldn't be satisfied with them paying equally then why use that in the argument? Say you want them to pay 75% (or whatever it might actually be) and argue the merits of it.
As for the thrust of your argument, we will have to agree to disagree. It takes no more effort to insure the safety of a multi million dollar mansion than it does to protect the rent controlled apartment.
Instilling a tax such as the one you outline (and many who shout "the rich should be paying more" support) will not work. It will give the rich more reason to avoid paying taxes and will drive people to leave the country and move to more favorable tax havens (a la corporations moving to Bermuda).