RE: Bill Gate's Solution to Income Inequality
November 12, 2014 at 7:10 pm
(This post was last modified: November 12, 2014 at 7:16 pm by Heywood.)
(November 12, 2014 at 4:02 pm)Brian37 Wrote: I love your intent for the most part, much more so than our "screw the poor" friend Haywood.
Heywood advocates a universal basic income so I am not out to screw the poor.
In my opinion.....Brian are out to screw the poor. You are out to screw the poor because you want to use a governmental rag bag of programs to control the lives of the poor. You are out to screw the poor because you want to impose minimum wages which will price the labor of some poor people out of the market and lock others into jobs they hate.
(November 12, 2014 at 5:40 pm)Mister Agenda Wrote: Well, the example is a 2 million dollar wing to add to an existing mansion, but yeah, schemes to avoid the tax would be forthcoming.
This is one of my concerns.
Another concern is what about people who spend more than they earn? A family who earns $100,000 a year but spends $110,000 in a particular year(by accumulating debt)....would they be taxed on that addition $10,000 they consumed?
Right now I am leaning toward favoring dumping the income tax and replacing it with a consumption tax.....but I haven't made up my mind.
