Replies to post #146323 on Tornado Alley (PROG)

[F6]

SilverSurfer -- even with a reset that game never ends, of course -- speaking both of this country and of the whole world: in particular when's there's the high concentration of wealth that we have now, as well as in particular where we have the high degree of effective monopolization by huge corporations in key sector after key sector that we have now, big capital seeking to shape and shaping government policy to its advantage is inherent and inevitable in the reality of the invisible hand of the free market doing God's work

[fuagf]

Dick Armey, proposed a flat tax during the Clinton administration .. that's about enough to negate the idea for me

"Critics of the flat tax argue that the marginal dollar to the low income is vastly more vital than that of the high income earner, especially around the poverty level. In their view this justifies a progressive taxation system as the added income gained from a flat tax rate to the rich would not be spent on vital goods and services for survival as they might at the poverty level with reduced taxation. However, true Flat tax proponents necessarily contest the concept of the diminishing marginal utility of money and that a marginal dollar should be taxed differently. ..

that is a further excerpt from the wikileaks link in .. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63623312

OT .. but will stick this on the concept of a Tobin Tax in here, too .. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62865161

[sortagreen]

Higher marginal tax rates are much more fair. You don't get clobbered while you're trying to build some security, and you end up kicking in a bit more when you're more able to.

I might note also, that what are often thought of as the "good old days" were built on higher marginal tax rates.