Forum Post: a new reason why the rich should pay more
Posted 13 years ago on Oct. 17, 2011, 10:43 a.m. EST by greensun
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I have a new reason why the rich should pay more.
The income tax table increases linearly (or a bit faster) with the income, ok.
But the income of the rich increases exponentially with the law of offer and demand; this is true in every domain: business, professional sport, showbiz, etc. For example, Paul McCartney may be 3 times more genial than the average singer but he makes 10^3 times more.
And the richer the more opportunities one has to get even richer...an exponential/geometric progression.
The rich, especially the very rich, have exponential income but pay only linear income tax.
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