ttystikk
Well-Known Member
No. It completely ignores those who DON'T work and instead live off investment income, which is how the upper class makes its money.A flat sales tax doesn't take away the reward system.
I.E.
An average person works 40hrs per week 48 weeks per year from age 18-65. This person contributes 90, 240 hrs.
Now let's say a person is goal oriented and wants to work extra hard and retire early. If he worked 60 hrs per week 48 weeks per year from age 18-50 he has contributed 92160 hrs. In the current system the goal oriented person is penalized to the point that he doesn't get to retire early..... Is this fair?
Wages are for the lower classes, investments are for the rich. And they need to be taxed at higher rates than wages, otherwise the burden of taxation falls too heavily on those least able to pay... which is exactly the situation that exists today.
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