(October 12, 2011 at 2:36 pm)DeistPaladin Wrote: 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.So what about people who save for most of their lives in order to actually buy a house of their own? Now they have to pay more because of it?
The problem with a system like that is that you seem to be ignoring how it affects the poorest people. With, say, a 10% tax rate, 10% of $1000 is $100 gone in tax. That leaves the person with $900 left. In your system, they are left with $1000, but are then subsequently "taxed" on whatever they buy with that $1000, which will probably end up being more than $100 (you didn't really go into the rates).
Could you explain this a bit more? I'm probably not understanding it right.