Everyone needs skin in the game.
“Everyone needs skin in the game.”
Absolutely agree - even if very low, everyone should pay something. Low income - just make the tax form very simple.
skin = national sales tax and permanent elimination of all income taxes ...
“Everyone needs skin in the game”
OK, though how much skin are we talking? Let’s start with the fact that the initial Federal income tax rate when first enacted was about 2% on incomes of $500,000 to $600,000 in today’s confetti-buck cannon dollars.
And that’s part of the point, too. Unlike the states, the Federal government has a printing press, or whatever you want to call it.
Today’s rates start at 15% on incomes of $35,000. This is insane when you think about it. We’ve all got “skin in the game” when the government is destroying the purchasing power of the currency unit of account, that’s for sure. Savers are punished. The whole thing is basically a twisted, sick scam. Brought to you buy “experts” and Nobel Prize winning economists, don’tchaknow.
Yup, otherwise nobody cares when democrats crank up the tax rate
Yup, everyone. No skin in the game no vote or much else for that matter. Everybody needs to write a check every quarter like I have. It hurts and it hurts badly but it keeps your blood boiling.
+1
the skin in the game would be thru property ownership and the owner’s desire to keep its value up
Right now, half the population has no skin in the game.