Quote:
Originally Posted by Jim Bon Jovi
to be incredibly blunt and to the point (i'm about to head out) taking away 10, 20, 30 or whatever % of someone's income when they earn a pittance is much harder on them than taking away the same % from a rich person.
i'm pretty sure we can all agree it's much easier to get buy on £500,000 than £9,000.
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that's an extremely simplistic approach. You are right, if we analyze one single individual who only lives to "get by". If you look at the whole macro-economic system, things are more complicated. Then we have to talk about growth, incentive, productivity. They all are affected by a progressive taxation system. they all affect the economy as a whole. And they will ultimately affect your individual who lives to get by more than introducing a slightly higher flat tax. Not to mention that you completely disregard the "tax returns" that person could get from an increased state budget.