Progressive tax applied
A couple of local left-leaning letter writers express their support for the progressive tax system and oppose any reduction in the tax rate for those in the upper-income levels. They like to tell us that it hurts those on the other end of the scale. Their argument is that the higher-income individuals have benefitted more from the system and so should be happy to pay more.
Let’s apply the progressive system to another application.
One of the recent letter writers is a medical doctor, so we’ll use him as an example. We both need a truck. The new truck costs $40,000. The doctor makes $200,000 a year and I make $50,000. Since I make one-quarter of what the doctor makes, I should only pay one-quarter of the truck’s cost and the doctor should make up the rest. I should pay $10,000 and he should make up the difference and pay $30,000 for the truck.
Isn’t that the fair way to do it? After all, the doctor has benefitted more from the system and should be grateful to give back to the rest of us. He’s profited from the misfortune of ill and injured people, right? Still think the progressive system is fair?