Quote:
Originally Posted by HockeyIlliterate
I'm not convinced that you have either, but I understand that it is easier to criticize than it is to create.
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It's pretty easy to criticize a terrible idea, true.
Your original assertion was that it's not "fair" to tax people based on their earnings, and instead this should be based on their net worth. Did you actually refute any of the points I made? No, you completely missed the sarcasm of "no one has ever thought of this before"; ignored the effect a net worth based tax would have on investment; went off on a completely irrelevant tangent to complain about income redistribution instead of responding to the issue of people with a paper net worth in the negative; and lastly brought up property tax - which has nothing to do with FEDERAL income tax, but is a municipal tax - in reference to nominal wealth in tied up in property.
Even if your idea was tenable, which it's really not, you haven't demonstrated in any way how it's BETTER than the current system. What specific advantage is there in this system? So some mythical ex-student making $200,000 gets a tax break? Is that an actual demographic or more like a ridiculous fantasy? I bet there's a lot more ex-students making $40 to 90K that could use the tax break the current system will soon give them. They probably also won't be crying any tears for the guy who is making more net than they are gross...