The upper income tax bracket used to be 90%, I think, under Jimmy Carter. And under Reagan, it was 80%. Yet no one is calling Reagan a commie or a socialist or saying he destroyed incentive necessary for capitalism. ^^
A flat tax sounds nice in theory but I don't think it would work well in practice. It would require either that people that are already paying 15% pay more or we make massive cutbacks.
Those numbers, even for marginal, are about 20% too high, but that's besides the point.
And far be it from me to say taxes shouldn't be weird to finish paying off a
world war.
Also far be it from me to defend my flat tax idea when the real reason I'm putting up a fight to begin with is to challenge the notion
the man is Capitalism. And just because someone's rich also means they are evil scrooges that should pay their due, whatever we decide their due is.
Out of curiosity, why do they deserve that much money? Plenty of people work just as hard, but for whatever reason, they don't have it. Who does and doesn't deserve it, in your mind?
Also, as for corruption, I'd say you can tell it when you see it. Russia, for example.
If we could trust any one person to be judge, jury and tax collector, then by all means, i'd be for it. Like I said, though, there's no
legitimate way to prove corruption on that scale. There's no 'corrupt' option on the tax forms.
And to automatically assume that (large bank account) = (ill gotten gains) is irresponsible.
Who does and doesn't deserve it, in your mind?
EDIT: Almost sidestepped this one. In my mind, the reason why farmer John can work just as hard as doctor Jim and make 10% of Jim's income is Jim had to struggle through at least 8 years of education and has the constant stress of making life and death decisions/actions. Or CEO Jim invested his entire life's savings to startup Jim airlines and the payoff of that risk and his current management is $$$.
Occupational income, however, is a result of natural economics, not government regulation.