Progressive taxation is where people who earn under a certain amount (say £5000) pay 10% tax, people who earn between £5000 and say £15,000 pay 20% tax, etc. etc. Correct?
Yes I have a problem with it. It's unfair. People should be treated equally, and there is no justifiable reason why the rich should be punished by having to sacrifice a larger percentage of their salary.
Where does progressive tax stop? You want to make the divide between rich and poor smaller, and the best way of doing that is to tax millionaires and billionaires with a 90% tax rate. I don't see many people buying into something like that. If you set a limit of taxation (as we have in the UK) of 40%, then the mega rich are still going to be mega-rich, especially since this tax applies to everyone earning over 30-odd thousand.
In a fixed rate tax system, people who earn more still give more, but the same proportion of their salary. As people get richer, the more money is pumped back into the government, so the rich still help the poor out. Why do you have a problem with that? It just seems like you hate rich people and want them to suffer. I don't hate either the rich or the poor, which is why I treat them equally in the eyes of taxation.
Yes I have a problem with it. It's unfair. People should be treated equally, and there is no justifiable reason why the rich should be punished by having to sacrifice a larger percentage of their salary.
Where does progressive tax stop? You want to make the divide between rich and poor smaller, and the best way of doing that is to tax millionaires and billionaires with a 90% tax rate. I don't see many people buying into something like that. If you set a limit of taxation (as we have in the UK) of 40%, then the mega rich are still going to be mega-rich, especially since this tax applies to everyone earning over 30-odd thousand.
In a fixed rate tax system, people who earn more still give more, but the same proportion of their salary. As people get richer, the more money is pumped back into the government, so the rich still help the poor out. Why do you have a problem with that? It just seems like you hate rich people and want them to suffer. I don't hate either the rich or the poor, which is why I treat them equally in the eyes of taxation.
