Reply #58: I don't know, what are people getting for it? [View All]

[RichardRay]

If I'm getting guaranteed complete health care coverage, solid security after retirement, education as required to keep up with the marketplace, dependable national infrastructure (roads, bridges, etc.), effective environmental safeguards, a place to crash if things go totally south and the government stays out of my personal life then I'd support VERY high tax rates for everybody including the bottom brackets presented.

If I have to take home enough money to manage a lot of those things myself then it changes. Income received in exchange for work should be tax exempt when spent on things like health care, education, food and shelter. Only after those things are paid for should there be a graduated tax rate.

Income created by actually making or building something personally should also be taxed very lightly; income from arbitrage should be taxed more heavily.

So I don't think it's just about brackets....

Richard Ray - Jacksn Hole, WY