Quote:
Originally Posted by Botnst
Too bad the other forum had problems with critical thinking skills.
How would you propose to raise a tax on something other than wealth?
|
I believe they are differentiating based on income versus net worth (or what they call wealth).
The more well-to-do, who tend to both have smaller incomes and greater wealth do not want a change.
I think it has some merit to look at a person's overall wealth and not just their income for tax purposes.
Some Eastern states do this more so than the rest of the country. There they have a personal property tax not just on your home but also your boat, your car, etc.
The next step would be to tax other assets and probably financial instruments.