Byron - I'm for a flat tax and equity under the law.

I'm also not of the belief that the 'rich simply get
richer'.

I think that actually they get poorer and *new* people
take their place OTHERWISE people like Bill Gates and
Ross Perot would still be peons (I can name OTHERS too) ...

And I have to agree with Dale - this topic has run it's
course.

All from me on this topic (EVEN THOUGH Russel has failed
to address two questions directed squarely at him!).

Jim


----- Original Message -----
From: "Byron A Jeff" <byron@CC.GATECH.EDU>
To: <PICLIST@MITVMA.MIT.EDU>
Sent: Wednesday, June 05, 2002 1:27 PM
Subject: Re: [OT]: $1-a-day wages


> 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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