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Originally Posted by VJW
Because the wealthy spend a tiny fraction of their income on necessities, while having large amounts of discretionary income, whereas the Middle-class spends far more, PROPORTIONALLY, of it’s income on necessities, while a fraction of their income is discretionary. The Working Poor spend practically ALL their income on necessities and have almost no discretionary income.
It’s Economics 101.
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So I suppose you would like to punish people who earn more/spend less? I should be taxed higher than my firend who lives above her means every month? I have a higher percentace of 'discrecionary income' after all. The fact that it is due to my own hard work means nothing I suppose, I should pay more in taxes becaue I use my money wisely?
Sorry while I will agree that the richer you are the easier it is to 'hide' money I will not agree that rich people should be taxed higher than me, just becasue they have more spare change. 20 cents on the dollar is still 20 cents on the dollar (and truthfully since our money is taxed in out, during 'storage' and every other way concevable I doubt it is as low as 20cents right now.)