Occupy Wall Street

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So a flat tax for all?

No.

I believe taxes should be adjusted not according to income but ownership. Those that own pay to maintain. That's a principle that governs every other area of our society.

Let's say you and I own our own respective condo in the same association. The way condo associations work is each month every owner pays into a community fund that pays for maintaining common space, including lawn care, community facilities, cleaning the halls, etc.

Typically, the maintenance fees that each owner pay is assessed according to the size of their units. The more square footage you own, the more you pay. You own a greater percentage of the community and so you pay more to maintain that community.

So if you had a condo twice the size of mine but paid just as much each month, I'd feel like I was subsidizing your unit.

I'm not sure what % of the total wealth the top 1% own but I seem to remember it's around 1/3. This is counting stocks, real estate, bonds and other investments. Let's say for the sake of argument that this is true. This says to me that 1/3 of our total tax revenue should come from the top 1%.

Makes perfect sense. I think I get it. Do we have a flat tax now?