Why in the world should higher CONFISCATION of someone else's income be considered 'social justice'?
Great incentive for increased education, higher work skills, working longer (and overtime) hours, and taking more risk (as entrepreneurs) don't you think? Yep, the increase in the penalty/punishment for working longer, harder, smarter, and/or achieving more--or increasing your educational/professional skill levels is 'social justice'. (rolling-eyes)
So high income earners should pay more? Guess what, THEY DO!! So you think they should pay a higher RATE too?
funny - for ex: sKerry/Heinz, with all the loopholes, paid a lower rate that joe-sixpack.
FAIR TAX illuminates the loop holes...that's why it's called FAIR. Oh, and the super wealthy will only being paying the SAME rate as the not so wealthy - it's called FAIR for all...but the Trumps and Hienz's don't want to see their loop holes close up...and then have to pay the same rate everyone else does... They get the SAME prebate, and then pay the SAME tax rate. That's what FAIR means. ( no longer the unfair myriad poopholes - oops, Freudian slip?)
But we expect a lot of caterwauling from those who have been used to swimming through the loop holes
How about this alternative ? Let's progressively REWARD extra effort rather than penalize it.
A highly REGRESSIVE income tax would reward people for extra effort/education/risk.
20% up to national median income
15% from median up to twice median
10% from twice up to five times median
5% on amounts above five times the median
Zero deductions. Only individuals taxed, not businesses.