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Consider what would happen if the tax rate was 100% across all tax types, and you'll probably see then how there's an upper limit to how much tax revenue can be
by jbstack 1y ago
Consider what would happen if the tax rate was 100% across all tax types, and you'll probably see then how there's an upper limit to how much tax revenue can be raised by a government. Would you get up and go to work if you got to keep 0% of your earnings? How about if you got to keep 1% of them? 2%?
Surely we can agree that there is a threshold, even if we don't agree where that threshold is. That's all there is to the point I'm trying to make: tax resources are limited and therefore all governments must ultimately allocate those limited resources and cannot simply spend unlimited amounts on any "good" projects that they'd like.
- danans 1y ago> tax resources are limited and therefore all governments must ultimately allocate those limited resources and cannot simply spend unlimited amounts on any "good" projects that they'd like. That's a strawman. There are no proposals for a 100% tax across tax types. There is an argument for reversing the direction of the last several decades in which taxes on the wealthiest have been dramatically cut.