Russell Turpin wrote:
> I don't buy it, Jeff. You've restricted the notion
> of EQUITABLE so that it applies only when
> two people consume the same proportion of
> their income. We already know, those who earn
> less tend to consume a greater proportion of
> their income. It's pretty obvious why, since
> Popeye's Chicken charges the same to both
> me and my neighbor who earns minimum wage.
> So what's the point? How is a tax system
> equitable when it slows wealth accumulation for
> lower wage earners, unless they rather
> heroically cut back their consumption to be
> proportional to that of their higher earning
Cf. Regressive vs. Progressive...
This archive was generated by hypermail 2b29 : Fri Apr 27 2001 - 23:15:15 PDT