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View Diary: Gregg: "We're not Europe," let the unemployed suffer (191 comments)

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  •  Tax the shit out of (1+ / 0-)
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    DaleA

    Tax the shit out of his bracket, see how he likes being poor.

    •  That Doesn't Make Them Poor (1+ / 0-)
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      Odysseus

      Even if some upper bracket's tax rate is 100%, that doesn't take anything from the money they collect in the brackets below it (or above it, if there are any, and that rate is different). They'll pay the same rates on the same income amounts as the people who earn only below that bracket.

      That is what "progressive" income tax does.

      Though I suppose we could have a special "aggressive" rate in a high bracket that is greater than 100%, which would make them poorer than everyone in only lower brackets. But of course then people would refuse to be paid anything in that punitive bracket. And the backlash would be blinding.

      "When the going gets weird, the weird turn pro." - HST

      by DocGonzo on Mon May 24, 2010 at 03:16:06 PM PDT

      [ Parent ]

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