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View Diary: Adam Smith favored progressive taxation (60 comments)

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  •  Interesting point... (0+ / 0-)

    If the relation of time and money were linear... as SOAL suggests... then 1 unit of time = 1 unit of money in all cases.  Thus, the wealthy have much more time on there hands than the poor do.

    The poor have virtually no time at all.  No opportunity to to succeed.  Nothing to invest... no way to gain...  There life is but a moment (with the time = money concept) of subsistence.  The wealthy have a virtual eternity to make things happen.

    So SOAL's time = money equation either turns his whole arguement on its head (because the poor have no money, hence no time to even try and succeed)... or he is just plain clueless.

    "If Bill-O collapsed into his own sphincter, like an imploding dark star, and disappeared forever...would we care?..." - Liberal AND Proud, Crooks and Liars

    by Rich Santoro on Fri Oct 23, 2009 at 09:38:09 AM PDT

    [ Parent ]

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