Doesn’t it seem a little asinine that you guys are even debating this question? Who cares how the top 1% live? Stop this micro managing of other peoples money. I am personally sick of this jealous talk. Even with my families meager wages, I know the dis-incentives of the progressive income tax regiment. Have you all ever passed up a second source of income because the 30% additional off the top made it not worth the extra labor? I have passed up more than a few opportunities, because the cost and pain associated with taking on another labor and reporting it was not worth the additional dollars…
Let us incentivize additional work and entrepreneurship, not dis-incentivize it.
It is part tax, and part reporting. Let’s go to a simple consumption tax and stop this income tax madness…I can’t tell you how many of my efforts have been scared off by government reporting and regulation bullshit.
