Showing posts from April, 2011

Progressive Tax; a point of view.

Every so often you read a comment on a blog, news aggregator site or social networking site that makes you go.. yea... damn well said.

A fellow who goes by the handle CaspianX2 on Reddit did that today on the subject of why taxation should be progressive (i.e. the more your make, the more you should be taxed). I read it and thought to myself, yea, damn well said.

"Firstly, it's important to note that money is nothing more than a symbol, an idea. It might sound strange, but one dollar is not worth one dollar - that dollar bill you're holding is nothing more than a piece of paper, virtually worthless. It only has worth because we, as a people, give it worth. We say that that piece of paper is worth one "dollar", a universal unit in trade, to save us the hassle of bartering. The important part being, that piece of paper is nothing, other than what we as a society decide it will be, for the benefit of our society. That's how money works.Secondly, and I know…