Peter Hentges (jbru) wrote,
Peter Hentges

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Peter's radical tax proposal

What say, the people with the most wealth pay the most of the taxes? Total up all the wealth in the country. Then divide your wealth by the the total wealth, that is the percentage of the taxes you need to pay. Simplified example: In Drewantania, the wealth of all citizens adds up $100. The government $10 to run this year. I'm worth a whopping $10. So I should pay 10% of the taxes or $1. Bill Gates, on the other hand, is worth $80. He should pay 80% of the taxes or $8.

The result of this, of course, is that the more you have the more you have to pay in taxes. So buying a house hugely increases your tax burden. Owning a company hugely increases your tax burden. This seems like a bad thing, but I like the fundamental principle of everyone paying their fair share based on how much of the economy they control.

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