Gvdjl
Gvdjl
Aug 26, 2017 · 1 min read

You make an interesting point that actually made me think, thanks for that.

I’d agree with you on the president’s, their job output relies more on the state of the economy than their actual policies.

A question on the stats, do the 5, 10, 50 percent count ALL above (for example) 10%, or only from 10 till 5%? Are the measurements x<10 or 5>x<10?

For if the measurements would include the group above, an inequality of the upper group could make the whole table a bit off.

For your question on why it could be fair for people with more income to pay disproportionate more taxes. For a majority of people seem to accept that for every extra dollar of income, an increase in taxes has a relative smaller influence on the standard of living. A 10 percent increase in taxes for everybody would make it impossible for a lot of minimum income workers to keep living in their current home. On the other hand, when I asked a banker friend of mine in the London city what it would mean for him he laughably replied “that new boat I was going to buy, that has to wait an extra month”.

Income taxes generally don’t represent absolute equality, rather they try to minimise the relative harm for everybody.

It could look something like this

Equality: [Income tax = contribution to GDP]

Minising hurt: [SUM(fundamental changes in life) * Tax increase = min!]

)
    Gvdjl

    Written by

    Gvdjl