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by turtleofdeath
3283 days ago
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I know this is unrelated to the post but I am genuinely/respectfully curious (since you left it as a bullet) as to the chain of logic that makes it okay to tax higher income people more. I've never understood that. Full disclosure: if it were up to me, we would go with either a flat tax or something more sensible that an economist has proposed (i.e. Friedman's negative income tax). But that would, of course, largely abolish the need for the IRS and the thousands of jobs tied to figuring out taxes each year. In other words, I am definitely more keen on a strong vector toward Libertarianism. |
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An extreme case would be that someone who earned a billion dollars and paid a 99.9% tax on it would still be much better off than someone who earned 16K and paid a negative 1% rate.