you think he should pay more for being ambitious and putting his neck on the line? i'm still waiting for anyone to explain to me why procreating is worthy of tax exemptions while driving the economy isn't.
I don't know how to be any clearer than I have been.
Just imagine how much more your friend could have done with a simple reduced tax structure during his build up. Is it too much to ask those who have been successful to pay 1or2 % more to help those coming up behind them? I would gladly swap what we have now.
As for paying to procreate- not a fan. I have never stated otherwise.
I have a couple of friends who are rumored to be in the millionaire club. My hat's off to them, they have/had ulcers and high blood pressure from the stress it created getting to where they are now. I'm proud for them and my hat's off to them. )
I'm against raising land taxes real high. That's a legal way to make sure less folks own land.
I've read both books, The Fair Tax, and The Fair Tax(answering the critics). Read the second one first. They make a statement in there about our current tax code. The only reason we have so many tax laws is so the rich will have to slip the K street lawyers money to be exempted from said laws. Therefore the rich would be exempted from land taxes(or whatever). A friend of mine lives right next door to the Smoky Mountains National Park. He said years ago they (govt; state, county, cities) came in and raised the taxes so high that families who has had land for generations were forced to sell it because they could no longer afford to pay the taxes.
I willing admit the single land tax is new to me. I'm not through reading yet, but close.
Do you think your friends could have paid the higher tax on land if that were the only tax to pay? No other tax at all.
I'm not a fan of any exemptions, they invite dishonesty.
Land is I believe the easiest way to go for a few reasons.
Land has value, that value x acreage = taxable amount. Sounds simple anyway.