RE: Two excellent reasons to OPPOSE gay marriage in the UK
May 18, 2013 at 6:30 pm
(This post was last modified: May 18, 2013 at 6:30 pm by Tiberius.)
(May 18, 2013 at 6:22 pm)Ryantology Wrote: I didn't assume you were talking about taxing income, but rather a sales tax sort of idea, what they call the Fair Tax over here in murica.My apologies, but you did open with this:
Quote:...by requiring them to pay astronomically higher taxes relative to their income when they already bring in just a tiny fraction of what I have?Bolding mine.
Quote:Yes, the percentages are equal numbers. Is the real-life impact of this equal? I've been poor enough where even a few dollars was the margin between eating and starving. I daresay this is never the case for a millionaire. A thousand dollars does not have equal relative value to me that it does to a millionaire. Ten percent does not have equal relative value to me that it does to a millionaire. It's a great idea in theory. In practice, it places the highest burden on those least able to bear it.Given that the kind of systems I'm familiar with (UK and to a moderate extend, the US) have both an income tax and a form of sales tax, any real-life impact that currently exists would be much better for everyone if only a sales tax existed, because people would have more money to spend / save.
Quote:That is a great idea.It's what we currently have in the UK. About the only good thing in the current system.