Wednesday, April 20, 2011

Clarification and Response

Apparently, there have been some misconceptions about my previous post. When I mention equal taxes, we must realize that equal taxes merely means an equal percentage tax. America's tax system is tiered, which means that if A earns more than $175,000, A pays 33% income tax, while B, who earns $82,400, pays only 25%. This is, of course, assuming that A and B are both single. If we look even further down the line, the people who earn $30,000 pay only 15%. Of course, because the taxes paid in the highest bracket is seperate from the others (JUST LIKE YOUR WATER BILL) the true tax percentage for all is slightly lower. However, this does not change the fact that the person who earns $100,000 is paying more taxes, and at a higher percentage, than a person who earns only $50,000.

Look. The whole point of this post - equal taxes means equal percentage. Using your math equation, A is the guy who has a million dollars and B is the guy who has 50,000. Assuming an equal tax of 20%, A would have .8(1000000) and B .8(50,000) after a year. After ten years, .8^10*A and the same for B. The point is, nobody's going onto the street faster than the other guy. They'll both hit a point where they've got no money at a similar time, B a little faster, but that just more incentive for him to get off his lazy ass and start working.

Your random Indian thing - that's why Guism is better.

As for your China stuff, since you're saying A -> B -> C -> D and I just disproved A; B, C, and D, are also disproved.

I would write more, but I've got another stomachache. Fricking Carnival and wanting to earn money from bottled water. At least give me clean tap water.-_-

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