Quote:
Originally posted by Penske_Account
But what is rich? Asset rich or income rich? there is a huge difference.
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There is a difference, but either way I don't care. They both are the biggest beneficiaries of government services. However, I would prefer to somehow tax the asset rich instead of the income rich because the income rich are actually helping the economy grow and are creating jobs etc.
I think the best way to tax the rich without hurting the poor is to have a graduated residential property tax. You can have a big estate but you will have to pay for it. A big mansion is going to cost you. Investing money in Real Estate does not help the economy. You want the rich to put their money into investments. So if they want to show off and have a big house that is where you can get them.
