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Old 11-20-2009, 04:24 PM   #1381
Redux
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Quote:
Originally Posted by TheMercenary View Post
If you want to redistribute wealth from those who worked hard to make money and give it to those who haven't been so fortunate, you are promoting a socialist ideal. Wealth Redistribution.

http://en.wikipedia.org/wiki/Socialist_economics
Or as I proposed a long time ago in this discussion...raise the FICA rate, which is currently capped on wages over $100k. Those under $100K pay 6% and the rate effectively goes down as wages go up. A person making $300K only pays 2% (6% on the first $100K, then 0% on the last $200K).

Is it "fair" that you pay a 6% FICA tax and a guy with a $1 million salary pays less than a 1% tax? Does he work harder than you?
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