On Tue, May 26, 2015 at 3:24 PM, Eugene Coyle <[email protected]> wrote:
> When you say that the US has effectively a flat tax system, are you > thinking of flat in percent of income or flat in terms of dollars? > Gene, I meant flat as percent of income. http://www.cbo.gov/sites/default/files/cbofiles/images/pubs-images/43xxx/43709-land-tax2.png Flat in dollar terms would be utterly unrealistic, so much so that even right-wing nuts don't think that is workable. But a 20% tax rate on someone making $20k is obviously much more burdensome than on a rich person. > Re your last paragraph, the money comes from a redefinition of who > benefits from the assets. A carbon tax, for example, doesn't require an > investment but simply says "We all, in common, "own" the atmosphere and you > must pay each of us when you dump into it. (That's an example, not an > endorsement of a carbon tax.) > True, but I find policies based on the concept of property ownership very troublesome. Even right-wing (:-). -raghu.
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