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Thursday, July 28, 2011

Tax the poor?

I say yes:

The situation is even bleaker once we consider another unfortunate feature of the current system. A large number of Americans are incentivized to either support or tolerate tax increases on the rich. Why? It is a lot easier to vote for increases in government spending when all the additional costs are borne by other individuals.

The article is about a flat tax, which has been beaten to death. It's just my unlearned opinion that the income tax should be flat, and should probably be no more than 5% on your income. I don't believe that business income should be taxed because it will end up as income to someone, eventually.

And then I wake up ...

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