Cut to the Heart of the Matter
On this tax day, read the whole thing, but this is the money quote:"You could completely eliminate income taxes for the bottom half of the population, and the Treasury would hardly notice."When 50% of the people are not "invested" - that is, have "skin in the game" - what kind of political system is possible? A second money quote:
The majority who pay nothing resent those with higher incomes; the minority who pay heavily resent those who don't pay.Exactly. The "Tipping Point" is staring directly in front of us.
posted by Jim VAT @ 6:44 PM
1 Comments:
Which is why we need to enact the FairTax pronto. Everyone pays, although the poor will pay a slightly lower percentage of their earnings than the rich due to the prebate.
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