Quote:
Originally Posted by Hesla
You have to limit the progressive taxation at some point though. You start to lose the incentive of making more money at a certain percentage of taxation.
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What's the harm in that really?
I don't have a problem with people being rich, but what's the problem with there being a point where getting from rich to richer starts to get really, really hard? What is the need for people to have a chance to be richer than, say 10 million dollars? (50 million? 100 million?)
I say this partly because uneven distribution of wealth causes problems for democracy, as large piles of money gets you power and influence beyond democratic means.
The superrich have hugely disproportional amounts of political and financial power which can be extremely hard to influence by any means available to the masses of people in the more-or-less average income category.
And since fortunes can be inherited, this can cause even further problems in the future, when people who are not at all qualified to wield such power get access to it.