Economics - Progressive Income Tax

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SUMMARY

The forum discussion centers on the debate surrounding progressive income tax (PIT) systems. Participants argue that while PITs may seem unfair to high-income earners, they provide essential revenue for government services and support lower-income families. Key benefits of PITs include increased tax revenue, equity in wealth distribution, and the ability to fund social programs. Critics highlight the potential for a flat tax system to be perceived as fairer, but acknowledge that it could undermine support for those in need.

PREREQUISITES
  • Understanding of progressive income tax principles
  • Familiarity with economic theories related to taxation and wealth distribution
  • Knowledge of social programs and their impact on tax structures
  • Awareness of the implications of flat vs. regressive tax systems
NEXT STEPS
  • Research the impact of progressive income tax on economic equity
  • Examine case studies of countries with successful progressive tax systems
  • Explore the relationship between taxation and consumer behavior
  • Investigate alternative tax structures, such as flat and regressive taxes
USEFUL FOR

Economists, policymakers, students of economics, and anyone interested in understanding the implications of different taxation systems on society and the economy.

  • #31
Antiphon said:
There are scoundrels and heros in every walk of life. As for why most
math & science junkies are liberals- they were formed that way by the
earlier phases of their education. Many of them will become more
conservative as they mature and grow. Other will sadly stay in their
little left-leaning worlds and never progress.
:smile: :smile: :smile:
I don't know if you were serious or kidding, but it's funny either way.
 
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  • #32
Antiphon said:
Sorry, the Greeks were there first.
The Greek democracy was far different from what we know it as today (specifically liberal representative democracy)

Huh? Captialism IS freedom of association in the realm of trade. It is the
thing we are best at. Resource acquisition and distribution system?
I'm a free man. Not a cog in your resource allocation schemes.
If you want to "allocate" my resources you'll do it with my consent.
That's capitalism too.
No, Capitalism is an economic system where most means of production are privately owned (hence capitalism - private aquisition of capital). It shouldn't be confused with Free Market and Laissez-Faire economic theory, which have to do with a Planned vs. Market economy.
 
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  • #33
Antiphon said:
These are two examples of government failing to protecting individual rights.

They are not counter examples to my quote.
Interestingly enough Democracy seems almost counter productive to individual rights. The idea of 'Rule of the majority' is inherently 'might is right', and favours benefit to society over benefit to the individual in almost all areas.
 
  • #34
There is a reason they called it Laissez-faire capitalism, Smurf - the terms go together. You're making a distinction where there isn't one.
 

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