Originally Posted by
j2k4
"Most of the rich..." referring to who, precisely?
Do you propose a standard by which wealth is subject to a determination of the worth/merit of an individual?
Do you think you are worth more or less than you earn, Rat?
To whom do these decisions fall?
Elected officials whose primary compulsion is to be re-elected?
The "rich" (to whom you ascribe such greed), who may just decide you should pay a higher rate than they do?
You generally decry the greed of American capitalism; what do you think of the potential for punitive/repressive taxation authored by whomever is charged with dictating the tax code?
The relative worth of a soldier or nurse compared with a CEO is not best parsed in monetary terms...if a CEO (by dint of his intellectual capacity and creativity) employs even a mere double-handful of people who in turn support their families, is his societal contribution not on a par with a nurse or a soldier?
If not, explain this, please.
Also:
Please define "excessive"?
That's not what I said.
I don't believe most of the Rich have earned their money, agreed. I even gave examples of poorly paid people that I believe are worth more than them.
I didn't say those that have earned it should be more favourably taxed. A Tax system should be open and transparent; above all it should be simple.
If not, then you get the situation we have today whereby the Rich and Corporations take advantage of loopholes to avoid the Tax they should be paying. This increases the burden on everyone else.
There are examples of people in this country earning very substantial sums and paying less Tax than those on very modest incomes. Any system that allows this is morally bankrupt, as are the people that do it.
I also declared that the threshold where one should pay any Tax from an Inheritance should be much higher than it is at present. I do not believe that you should not be able to look after your family after you've gone.
However, as I've said, there is a limit.
At the moment I'd put that at 7 figures: Say everything over £1,000,000
should be taxed as income to those individuals that inherited.
You will notice that those that have substantially above this would still be able to reduce the Tax burdon by spreading the money around his familly.
I also do not believe that people should be forced to sell their Homes (as an example) to pay Tax. I have no problem with this Tax being deferred if it is tied up in assets, or indeed that the Government becomes a temporary non-voting shareholder if there is a Company involved, until that debt is paid.
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