Quote:
Originally Posted by spence
Seems as though the recession has been the largest burden on the Middle Class.
What's Obama done for the Middle Class? How about cut taxes, provide stimulus, and propose keeping Middle Class tax rates low...Hell, I just heard Warren Buffet remark the other day how the rich are making so much right now they should be paying more. Freaking commie...
Piscator's comment doesn't make a lot of sense, unless he's making over 500 grand a year.
-spence
|
Just curious. What is the Constitutional principle that allows congress to impose a higher rate of taxation on one citizen and a lower rate on another, and exempt others from the tax altogether? Is this some form of equality under the law? Is there a philosophical, if not constitutional reason for unequal taxation? Is it the "from each according to his ability, to each according to his need" philosophy? Is it about fairness rather than constitutionality? If we are to let concepts of fairness trump the Constitution, by what criteria is fairness decided? Some might say that those who gather greater wealth by creating wealth, by creating the business and jobs and ensuing commerce have contributed far more than their fair share of our economic burden. And that confiscating a higher percentage of their reward for their contribution is a punishment, a disincentive. Are we to legislate by economic theory rather than by Constitutional limits derived by natural law and human nature? If so, by which economic theory? So-called progressive taxation fits more closely to an economic theory that believes in the value of surplus labor (the value of labor that creates a "profit" beyond what is needed to equitably pay everyone from worker to manager, and the redistribution of that excess value, "profits", to the workers not the owners.) rather than a "free market" economy.
What's the reason for progressive tax rates?