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From: dfi@ihuxo.UUCP (Dan Iuster)
Newsgroups: net.legal,net.taxes
Subject: Re: Abuse of social contracts. (tax system)
Message-ID: <439@ihuxo.UUCP>
Date: Wed, 20-Feb-85 11:31:25 EST
Article-I.D.: ihuxo.439
Posted: Wed Feb 20 11:31:25 1985
Date-Received: Fri, 22-Feb-85 20:08:33 EST
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Organization: AT&T Bell Laboratories
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Xref: watmath net.legal:1426 net.taxes:696

> Frankly, I think the graduated tax system penalizes those who make more
> money and thus discourages free enterprise.  It seems to me that it would
> be better to tax at a fixed rate, to encourage investment and spending of
> income, rather than creating a rather artificial system of tax shelters.

Or how about taxing dividends and investment income at a higher rate
than ordinary income (read real work).  This would be an incentive for
people to work and be creative rather than live of somebody's elses
work.  Otherwise, in the extreme case, you could have everybody investing
and nobody working.
-- 

               ~~~~~~~
	      /       \				Dan F. Iuster
	     /  -   o  \			ihnp4!ihuxo!dfi
	    (   ) | (   )			AT&T Bell Laboratories
	     \   \_/   /			ih 6n-427, x2994
	      \_______/
	   "Have a nice Day"