On 12/28/2011 1:47 AM, Ilya Shambat wrote:
> Many in the anti-tax movement believe that taxes on higher incomes is
> "class warfare" or "punishing success."
No, what people believe is that applying punitively higher marginal tax
rates is class warfare. It is.
> In fact, it is simple rationality.
Bullshit.
> These people are wealthy enough that they can afford to
> pay a slightly higher tax.
That doesn't make it morally right.
> Whereas for people who do not have what
> they have, taxes can be a serious burden.
Half of income earners in the US pay no federal income tax. How can
paying zero tax be a burden?
> Someone who makes millions of dollars a year is not seriouly impinged
> by a 39% instead of a 36% tax. He is still wealthy. He can still
> afford a highly prosperous lifestyle and impart the same to his
> children. He does not suffer severely from higher taxes; indeed he
> does not suffer at all.
Of course he suffers: He suffers an unjust tax burden. People don't
set out to earn money in order to have it taken from them.
If the tax is supposed to be justified by the benefits conferred, then
it actually is rational to have a *decreasing* marginal tax rate. Say
the top marginal rate of 36% applies on all income above $100,000. Now
suppose one millionaire makes $1,100,000 per year, and another makes
$2,100,000 per year. The first man pays $360,000 on the million he
earned above $100,000. The second pays $720,000 on the two million he
earned above $100,000, or twice what the first man paid. In what way
can he be said to "benefit" twice as much from government action? *HE
DIDN'T*. It wasn't anything the government or society did that allowed
him to earn another million dollars over what the first man earned.
The shrill, class-warfare-based demand for steeply progressive marginal
rates has nothing to do with the alleged "benefits" received by high
income earners, because those benefits are negligible. Rather, it's
simply a demand for redistribution: unproductive deadbeats want to live
better than they are willing and capable to do for themselves, and they
elect representative looters to seize value the deadbeats and looters
didn't create and redistribute it to the deadbeats. The cynical
rationale that the rich disproportionately "benefit" from government and
"society" is nothing but cynical bullshit.