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Entrepreneurship 209 views Sep 05, 2018
Asking rich to contribute more is just practical

I believe the analytical conclusions I drew are valid, and would like to challenge just a couple of points Prof Pangarkar made. 카지노사이트

First, it hardly bears noting that in every country, high-income recipients pay a much larger share of total tax revenues than the lower-income group.

This arises simply because so much of the total income goes to them, and most tax systems are progressive.

The more unequally distributed income is, the higher the proportion of total tax revenues the rich will end up paying - it's just mathematics. 인터넷카지노

Second, nowhere in my articles did I suggest "bringing down the rich", much less "punitive taxation".

Raising Singapore's current internationally low rates of taxation on the highest-income earners, so that their post-tax income rises less rapidly, is not "bringing down the rich".

It directly reduces inequality, especially where, as some of the research I reviewed shows, it is increases in the wealthy which raises inequality. 인터넷바카라

Asking the rich to contribute slightly more of their bounties for, what Prof Pangarkar calls, "pulling up the poor" is simply a practical fiscal measure with (as research shows) no economic detriment.