The Mudcat Café TM
Thread #139101   Message #3187670
Posted By: Richard Bridge
14-Jul-11 - 04:12 PM
Thread Name: BS: Taking a stand
Subject: RE: BS: Taking a stand
Well, John, find the true aggregate then - bet you can't: they all lie.

In a rational tax system, tax as a proportion of true income rises as income rises. I'd try to limit the marginal tax rate to say 80%, although incentivisation is a puny argument - the rich are junkies - they do what they do because it's there to be done.

But you have to find the true income. Close all the tax loopholes.