It's true that, as a group, the wealthy pay a larger share of federal income tax. But the reason for this is because they have a greater share of the income.
How about the wealthy pay all the income tax, since their income is for the most part based on the appropriation of value produced by workers. Whatever amount of income the wealthy receive that is the actual product of their own productive labor can be claimed as wages and written off. A fair accounting would find very little of it is actually earned.
In fact, working people are doubled taxed. The average industrial worker produces per hour roughly six times in value than he receives in wages. And then he has to pay income taxes on top of that? Since the factory owner gets a much larger share of the productive output of the worker than does the worker, let the factory owner pay the tax!
Subscribe to:
Post Comments (Atom)
1 comments:
I have to agree, however, I know with Pres. Obama trying to push the Buffet Tax it has been met with opposition. Of course by those who don't want to pay more in taxes.
I wonder if something is going to be done for those people who send their money off shore. Would such a tax be applied to them?
http://theascensionprinciple.blogspot.com/2012/01/exposing-welfare-myth-for-what-it-is.html
Post a Comment