08-17-2022, 07:59 PM
(08-17-2022, 07:56 PM)SunsetBengal Wrote: It clearly says in the final like that "answers will vary"..
Which is shorthand for "there is no one right answer as long as they are thinking critically based on the assignment." So that make my point.
(08-17-2022, 07:56 PM)SunsetBengal Wrote: It would seem to me that the truly "fair" way to handle any and all taxation is to leave income alone, and only tax commerce. The producers of goods and services should match the amount that the consumer pays in sales tax for each respective good or service. That way the wealthy who make money from their businesses pay the same amount of sales tax that consumers paid in the purchase of those goods or services, and the less fortunate only pay on what they consume, which will be less as they will likely be purchasing goods and services at a lower level than the affluent.
Consumption based tax systems are inherently regressive meaning that the lower your income the higher proportion of your income is taxed, meaning that lower income people have a higher effective tax rate. How is that fair?
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
