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RE: Rich people should pay more taxes. Do you agree or disagree?

in #taxation7 years ago

Great post.
I love your when you state : "Generally speaking, one point has to be made, it is not the “rich people’s” unwillingness to pay high-levels of taxes for the above-mentioned reasons, it is rather their skepticism towards how government entities allocate their resources."
I think that is very true.

I am a very big fan of the Fair Tax - which basically gets rid of all taxes on income, VAT, corporate taxes, etc. and creates a consumption tax on everything. If you're rich and you buy a mansion or private jet, you pay more taxes on those purchases.
Neal Boortz wrote a book on it. It's a great read and pretty much addresses any concerns (taxing the poor, increased prices, etc.).