Boomer Socialism at it again
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (214)
sorted by:
All taxes are used incorrectly because it's not the person who earns the resource who spends it. Thus by the nature of reality it will never be used properly only "somewhat" properly.
And they will pay more at the exact same rate as everyone else if they consume more.
It's not like people can just consume less to avoid paying sales tax if there is sales tax and tariffs that affect literally everything like basic necessities. That is only the case when it comes to taxes on luxury goods or shit like cigarettes.
Yes, exactly so everyone pays the exact same in taxes no matter who they are which is fair and then if the people who "earn more" decide to spend more of what they earn instead of the bare minimum thus they are no longer saving that excess income (which when saved is reinvesting in the capital of the country which is used to generate income including your own), then they too will pay more in taxes but these rich people only spend more when they consume more which is how they derive benefit from the society. If a person earns $100k/yr and only spends $50k/yr he is deriving the exact same benefit as a person who earns $50k/yr then spends $50k/yr. A rich person only derives benefit from his wealth when he spends it and that is when he will be taxed at the same rate as everyone else. If he spends $100k instead of $50k then he pays twice the taxes as someone who earns $50k. That's called being fair.
No, it's not fair. It' not even close to being fair. What you are saying is like, it's fair for peasants to pay the same taxes as a king in order to fund the king's wars and the king's roads...
You've got too much communist programming inside your brain. Trying to unwind this is difficult.
A peasant earns $30k/yr and pays $3k in taxes when he spends all his money. The King earns $1,000,000,000/yr. Perhaps, the King lives like a peasant and only spends $30k/yr to live so he pays $3k in taxes. A war breaks out so the King decides to spend $1b to finance the war on-top of his usual $3k. He now pays $100,003,000 in taxes for the year while the peasant pays $3k still because he only earns $30k and spends all that he earns.
See, fair.