Re:For the first time on record, the 400 wealthiest American...
by TheSpiceIsLife on Monday October 07, 2019 @04:18PM
(#21185503)
I tend to agree with the idea that the wealthy should be taxed more, in a progressive taxation sense.
Perhaps I should have prefaced by previous comment with “playing devils advocate”.
Some would argue that taxes are different because of the issue of fairness in society, and for the fortunate who have vastly more than needed to survive, more should be expected to help everyone else. This is in the self interest of the wealthy, as economic growth is actually stunted by inequality.
There are other ways to balance fairness other than progressive taxation, but those too are often anathema to ruling economic policy makers.