This is off topic.
On Thu, Jan 22, 2009 at 1:49 PM, Mike Lebo <mike-l...@ieee.org> wrote: > How I would fix the economy > > Greed is hurting all of us. When is there enough wealth to stop getting > more? If someone gets $100,000,000,000, he can afford to pay 99% tax and > learn to live on $1,000,000,000. But our tax laws give that person > $650,000,000,000. I don't believe that is fair. So I propose eliminating the > current 35% flat tax that we currently have. > > Mike's non-flat tax plan > > wealth = tax + spending > > $100B 99% $1B > $10B 95% $500M > $1B 90% $100M > $100M 80% $20M > $10M 70% $3M > $1M 50% $500K > $100K 10% $90K > $20K 0% $20K > > Some people say that, if poor people did not pay taxes, they would not have > any incentive to try to gain wealth and live on welfare. This is crazy > because wealth is the incentive and tax on poor people is just insulting. > > But no one has $100,000,000,000. I think Exxon-Mobil is trying to, real > hard. If they had to pay 99% tax, they would not try so hard and we would > all benefit from that. > > Michael E. Lebo > San Diego > >
