Let's play-spot the extremist.
The guy on the left.
Side Score: 15
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The guy on the right.
Side Score: 5
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4
points
3
points
If everyone was taxed at the same percentage rate the high earners/hard working achievers would be contributing more to the government coffers. Why should people be penalized with a higher rate of tax because they're clever, have taken risks to ''climb the ladder'', studied hard at school/university? If the fool on the right who is bellowing about 90% tax on the wealth creators got his way there would be a mass exodus from the United States by the people whom are needed most. Side: The guy on the right.
If everyone was taxed at the same percentage rate the high earners/hard working achievers would be contributing more to the government coffers. If you get to keep 75% of what you earn regardless of what you earn, it doesn't matter that you contribute more. That is the fair way to do it. You sound like you want to do a reverse tax ladder where every group contributes the same number of dollars. That would be terrible. Why should people be penalized with a higher rate of tax because they're clever, have taken risks to ''climb the ladder'', studied hard at school/university? Frequently the people who studied hard at school/university are not part of the group that is being penalized. The flaw I see with protecting the risk takers is that if they lose money they are able to counterbalance that with the taxes they would have to pay, and there is much less risk than they claim. If the fool on the right who is bellowing about 90% tax on the wealth creators got his way there would be a mass exodus from the United States by the people whom are needed most. Except, that didn't happen under Eisenhower. They tend to pay their employees better, who in turn work harder, which boosts production, and eventually leads to the company being worth more money. I agree that raising the taxes can fail miserably, I just think that businesses need to start paying better or it will happen. Side: The guy on the right.
The simple point here is that, let's say the standard tax band is 25%, then clearly 25% of £ 100k is significantly more than 25% of £ 25k, £18750 to be precise. So, the surgeon or senior manager contributes more to the nation's welfare than the supermarket check out girl. Countries without talented and able entrepreneurial risk takers are personified in such nations as Liberia, Zimbabwe, Haiti and even Greece. It's easy to sit mindlessly in the illusion of a so called ''safe job''and get a ''FREE RIDE'' on the backs of those prepared to ''take the point''. When the percentage of ''free riders'' becomes too great we end up with situations as illustrated in Detroit which used to be one of the most prosperous cities in the United States until it was swamped by the walking dead who feel that they have a right to a job which must be provided by;- ''them'', the much maligned entrepreneurs. Of course businesses fail, but, if there was a guarantee of success then even the faint of heart would be doing it. For every 10,000 people who talk about starting their own business only one has the balls to actually take the plunge. Those with their water wings and life preservers follow resentfully in the wake of their superiors. Side: The guy on the left.
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