Reply #90: I'm totally agains the flat tax. [View All]

[AP]

This sub thread is about whether the purpose of the tax code is to redistribute wealth.

I say the purpose is mostly to pay for social investiments that create more social wealth in a way that is equally burdensome across all income ranges (and the way to equally burden people is through a progressive tax code).

Additionally, the tax code tries to create incentives for socially valuable behaviour and investments so that there is more social wealth to tax (and tax fairly and us "unburdensomely" as possible).

I also think downward and outward distiributions of wealth create the most wealth (I think that's the lesson of the New Deal), and I think that's big reason the deductibility of wages from corporate income tax is one of the biggest tax subsidies the government runs.