Wednesday, October 21, 2009

What's Fair?

A man is running on for Governor of Illinois with the promise of making taxes more fair. By that he means soaking the rich and cutting taxes for "the working man." [Don't the rich work?] How can you know the tax curve should be steeper unless you know how steep it is already? The answer seems to be the steeper the better so you have a rachet effect. The extreme of fairness becomes no tax up to a certain level of income and 100% of the excess. That certain level depends upon how much money you need [want?] to collect. You can't cut taxes for the poor because they don't pay any. Since raising taxes is unpopular and cutting them is popular, the object is to cut them for enough people to get elected.

My own definition of fair is more taxes for other people and less for me.

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