Strelok
Member
- Joined
- Jul 3, 2010
- Messages
- 58
- Reaction score
- 20
- Gender
- Undisclosed
- Political Leaning
- Libertarian - Left
Inducing more taxation on larger figure income provides more than taxing the same amount on a lower figure income. The person with the higher figure income will still beable to utilize a great deal of their received income from their occupation for both luxury and survival. They still reserve the great deal of their received money to be able to spend and therefore the economy still benefits from the amount of spending they perform. Taxation, in my opinion, is a necessary system for the state to use the collected money for spending on essential services (unfortunately sometimes unnecessary ones). The higher tax rate hardly effects the richer individual in accordance to the poorer individual. They still the "fruits of their labors" with survival based spending being a non-issue and luxury based spending still being loose. Taxation should be lower on poorer incomes simply because a greater deal of their amount is spent on base survival and with less to spend on luxurious items, thereby contributing less to the economic system. The deal to have lower taxation than the rich person is not only for their well-being on survival spending, but also the amount they can contribute to the economy via spending. This is much less of a relative problem for high figure incomes and ultimately "harms" them much less financially. A flat tax, I think, would have to have a relatively low tax rate unless lower-wage incomes are to be essentially extorted of their money. As the figure goes up, so can the relative taxation in accordance to the figure. Some problems in some tax systems such as the $40k can occur but those are more based on relative circumstance than dynamic taxation in abstract.
If it was at a low rate, I think the economy would take a severe wrong turn and minimum wages and welfare would have to be increased as a result. If it was high, the poor incomes would suffer exponentially. From that there would be less of their spending and the motive to work their current job for an overall crappy income. Since hard work does not always equate to your ultimate earning and more of context and circumstance, I think a flat tax would be problematic no matter what the scale of taxation level is.
I find a flat tax to be inappropriate and disturbing. For example, if the flat tax is necessary to be of a higher scale: 25% of someone's income at 25000 is enough to put them on the street given some bad luck. Their children will have nothing but the hardest circumstances to come out of. However people in the 100k plus bracket will feel it, but only in the sense that that second car they wanted may not be affordable. One has people living in close to homeless conditions, the other has them upset over petty bullcrap. A flat tax, I think, would just cause social unrest and massive income disparity. We don't need it and it wouldn't benefit the government or the social climate of the country.
If it was at a low rate, I think the economy would take a severe wrong turn and minimum wages and welfare would have to be increased as a result. If it was high, the poor incomes would suffer exponentially. From that there would be less of their spending and the motive to work their current job for an overall crappy income. Since hard work does not always equate to your ultimate earning and more of context and circumstance, I think a flat tax would be problematic no matter what the scale of taxation level is.
I find a flat tax to be inappropriate and disturbing. For example, if the flat tax is necessary to be of a higher scale: 25% of someone's income at 25000 is enough to put them on the street given some bad luck. Their children will have nothing but the hardest circumstances to come out of. However people in the 100k plus bracket will feel it, but only in the sense that that second car they wanted may not be affordable. One has people living in close to homeless conditions, the other has them upset over petty bullcrap. A flat tax, I think, would just cause social unrest and massive income disparity. We don't need it and it wouldn't benefit the government or the social climate of the country.