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Originally Posted by KevinG  Why should the rich pay more? They already pay the most, why should they pay an unfair percentage? Do you advocate punishing achievement? |
Well, what I'm saying is lower it 5% from 35 to 30%, but only have that at the HIGHEST income. Not as a punishment, but as a way of giving you the utmost opportunity on your way up. If you're able to pay less taxes as you are building your fortune, working your way up the income ladder, that makes it all the more easier for you in that time period. Then, once you arrive at your goal, you pay more to even out not having to pay as high of taxes on your way up. I don't believe you should punish achievement at all, but rather that if for the few people in this world who DO want to improve their circumstances and are WILLING to put the work in, for them less taxes would allow them to save more, which would allow them to take advantage of more unique opportunities that come their way. That lower flat rate at the bottom needs to be evened out somehow, though, and if you're making enough to be in the top tax rate it won't hurt your prospects or ability to take advantage of YOUR unique opportunities much at all.
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The minimum wage hurts lower wage earners, it doesn't help them. It also raises the unemployment rate. Beyond that it increases prices and forces companies to outsource to other countries. The minimum wage kills economic growth.
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Couldn't agree more.