Maybe going a bit off base here but since this IS the political forum I think anything is fair game.
List your favorite taxes... In order of most regressive to leastregessive.
I'll start:
Gas Tax
Sales Tax
Income Tax
Wealth Tax
The last one on the list is not currently taxed. You can have a bazillion dollars invested in municiple bonds, real estate, etc... and they have their own tax rules.
What if we said that we need to look at your portfolio of holdings and then tax you at say 1% of your net worth.?
Me, with debts like mortgage, credit cards, student loans, etc. I'd be negative. Look at any high level government official.. Obama, Kerry, Clinton, Franks, Dodd... See what thier wealth is and see what they pay on income.
We are getting f***ked.
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