Re:In the Beginning, There Were Taxes
by sokoloff on Friday April 16, 2021 @08:18PM
(#26840481)
I think there's a non-trivial (and certainly non-zero) portion of the population who would specifically enjoy tax hikes on other people who have become, in their judgment, too successful.
[ Parent
| on HN ]
Re:In the Beginning, There Were Taxes
by Turing_Machine on Friday April 16, 2021 @09:59PM
(#26841019)
Envy is a powerful force, to be sure.
Huge success is only possible in the context of systems and infrastructure that enable it. There are no billionaires in Mad Max because society has crumbled - you can't leverage an educated workforce to build your widgets or a working interstate highway system to move them around. Is it so much to ask that those that benefit the most from the legal, financial, law enforcement, and military infrastructure of a country contribute proportionally more of the fruits of their success back to the maintenance of those systems?
That's not even mentioning those that are successful and wealthy in part because of government subsidies and support (e.g. green credits for Tesla).
>of a country contribute proportionally more of the fruits of their success back to the maintenance of those systems?
They already contribute more than proportionally. Proportionally is a flat tax rate and the rich already contribute far in excess of that.
This is the dilemma of living in a complex modern economy. We cooperate with a system that makes great wealth possible, not because that wealth is a right, but because of a social theory that the same system lets the rest of us live in relative security and decency.
We could pull the plug on that system, but only by driving ourselves into utter poverty, so in some sense we are hostages of the system that we created. On the other hand, if that system fails to serve an agreeable social purpose, it's our prerogative to moderate it.
For your logic to be true there must be no billionaires in low tax countries. HK has billionaires and a very low tax rate - ergo, the amount of taxes needed to pay for “the system” to become rich are actually quite low.