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by eropple
2667 days ago
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That is a poor definition of a regressive tax. A better definition is "a tax that ignores the marginal utility of income in its application". Poor people derive overwhelmingly more value from dollar $10,001 than rich folks do from dollar $1,000,001. (This is not controversial.) Thus, rich folks can--and should because they derive more value from the structures of the society that enables them to be successful and not hit over the head for their paycheck--pay progressively more to sustain that society. (This is also not controversial in reality, even amongst relatively right-wing economists.) |
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And then everyone starts arguing about how progressive the system should be to do that properly. :-)