[quote=patientlywaiting]I think that people who own a certain share of wealth should contribute a commensurate share to the society that creates the wealth and protects the value of that wealth.
If you go back to early feudal times, the Lord of the land owned the land but it was his responsibility to provide protection and food during lean time to his subjects. It was also the Lord’s responsibility to hold feasts and celebrations during holidays. Over time, that contract was broken and that created revolution.
If a group owns 95% of the wealth, it would be fair for that group to pay 95% of the taxes.
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Unfortunately, our tax system is not a black and white system, where you’re either wealthy or you’re broke. It’s not as black and white as Lord and subjects. There are many who are actually in the gray area.
What do you consider wealth? Is it income you get from your W-2 or is it $ you made from investments? By your logic, if your family make $100k or above, you’re in the top 85%, should you pay 85% of hte taxes as well? Remember, median household income in America is around 40-50k. That’s dual income making that much. To many people, if your family make over $100k, you’re wealthy and are in the top 85% already. Is a family making $100k in Manhattan wealthier than a family in Omaha making $60k?
