We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
See comparisons with other countries. It's an eye-opener. Americans may talk Capitalism, but our Capitalism serves to stuff the ever-greedy maw of government. There isn't much room to become more redistributionist without truly disincentivizing effort, initiative, creativity, and job creation (see Cory Miller the Well-Driller).
The OECD, the organization of western economies, says the U.S. already has the second most progressive tax system among its members, trailing only Ireland.
Maybe there might be other ways to spread the wealth besides the tax system.
Or maybe we're already doing that, too. Remember, no matter what we do, half the households in America will be below the median income.
Tigerhawk's anticipated total tax rate of 50% surely does approach the disincentivizing point, except for those who want to get really rich quick. Hence booming lottery sales and hedge funds, because achieving prosperity and security through slow, hard work and savings gets tough against the headwind of taxation.
Yes, I know the image is a cheap scare tactic but, honestly, I am a bit scared. A bit Halloween-scared. Not so much about Obama alone, but about the combination of Obama-Reid-Pelosi. Their view of America and Americans is quite different from mine. They have no faith in us, the people.
We are right at the disincentivizing tipping point. I know several very successful people who are openly talking about cutting back their work if taxes go up.
My boss, whose husband makes more money than she does, has said she will quit if taxes are raised significantly. Between taxes, work clothes, day care, commuting costs, etc,. her salary will be worthless. They would be better off with her at home and their family income in a lower tax bracket.
Before she quits, I may be asking her to approve my move to part-time for the same reasons. It just won't be worth the effort to work that hard and give half to the government.
I have several friends who actually did that years ago under Carter. Its funny how all of their stories are about the same. Young married couple, had first child, wife returns to work, large child care bills on top of everything else, did their taxes, had to take out a loan to pay, 2 incomes actually cost them money, wife quit work, and went to work raising family full time, home taught the whole nine yards, raised a few kids any parent should be proud of. All said it was a little tough at first just had to learn to readjust to only one income. None of them have any regrets what they did.