I'm open to changing my mind on it. I agree that a 15% on 30k/year is more impactful than 15% on 30k/week. However if we actually enforced a system holistically it could be easily reduced to 5%. If, instead of income + withholdings, inheritance, wealth, property, etc. taxes.... what if it was just everyone needs to pay their part, which is 5%, of what they have available for spending, no shelters or loopholes. That's the type of flat tax I would support. What if, all of your bank accounts (offshore or not), income sources, pay, dividends, etc. were factored in. All of your available spending monies, minus credit, were the factor of your 5%. Then the 5% of the billionaire and 5% of the coal miner was equivalently contributing, IMO. I don't think the laws could get there, I don't think the high end of the parejto distrib. would allow it either. Conceptually though I'd prefer equanimity of opportunity to contribute, rather than equanimity of outcome for the variable taxes based on brackets.
"There ought to be a term that would designate those who actually follow the teachings of Jesus, since the word 'Christian' has been largely divorced from those teachings, and so polluted by fundamentalists that it has come to connote their polar opposite: intolerance, vindictive hatred, and bigotry." -- Philip Stater, Huffington Post
always working on cleaning my windows- me regarding Johari
always working on cleaning my windows- me regarding Johari
