On Wed, Jun 05, 2002 at 01:00:04PM -0500, Jim wrote:
> Byron A Jeff
>
>      "I don't mind anyone having the $1,000,000. But there
>       should be an increasingly higher cost to spend it."
>
>
> Karl Marx:
>
>     "To each according to his needs -
>      from each according to his abilities" - 'to pay' -
>
> eh?

Not Eh. So I suppose that you're not OK with the current progressive income
and capital gains taxation system either, for that's exactly how it works.

I'm not proposing anything radical here. It's already how the tax system
works. There are exemption and credits for the things that the govt wants
you to spend money on and higher taxes on things they don't want you to
spend money on. It's also progressive, so that the more that you earn, the
more you're taxed. Gas, cigarettes, and booze, and short term capital gains
 are heavily taxed, while property, education, charity, and energy efficiency
(among other things) gains exemptions, deductions, and rebates. The goal is
to encourage saving and investing and to penalize spending.

And we're having to go though a rat's maze of tax laws to accomplish it.

>
> I'm warming to a nice comforting color of 'Red'
> now ... please pass the hammer and sickle, I need
> to get back to work on the 'collective' ...

So I suppose that the current US tax system is socialist/communist also.

In my system the rich get richer and the less rich gets screwed less. What's
wrong with that?

BAJ

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