Re:How America's universities became debt factories
by tourmalinetaco on Saturday September 14, 2024 @01:55PM
(#41541513)
Progressive taxation isn’t even necessary. If someone makes $10,000 and is taxed 10%, they give up $1,000. And if someone makes $10,000,000 then they give up $1,000,000.
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Re:How America's universities became debt factories
by nyokodo on Saturday September 14, 2024 @09:41PM
(#41544540)
> Progressive taxation isn’t even necessary
It isn’t necessary, no, and in fact a flat super simple tax code would probably result in more tax revenue. However, since politicians like the power of the tax code, and because the wealthy like a complex tax code for all the loopholes, and since ordinary people like the idea of those wealthier than them paying more tax as a percentage of their income, then we’re never going to get a simple tax code.