What I'm for or against is not the issue. The question is, what might be the consequences of such a policy of taxation? Consider in your response how wealth concentrated in the few, in a time where Citizens United is the law of the land, may impact the principles upon which our nation was founded.
A Glib response is not okay. You propose a radical change, if you want to be taken seriously and not considered a crackpot, answer the question. What will be the consequence of such a tax policy?
The government does not exist to relieve consequences of individuals.... unlike what progressive lefties would like you to believe....
Those who are wealthy have the freedom to be wealthy.. to keep their wealth.. or to spend it... or whatever else they wish to do with it.... with freedoms come both positives and negatives
What is a radical position is the position of selective equality... which has been steadily growing in our big government abomination
What are the consequences? A shift in the acceptance of government power and unchecked spending, for a person/voter with a stake in the game will choose much differently than one with no stake in the game... A precedent returning of blind and equal treatment of all citizens, regardless of income..
One principle that we were not founded on, that could start to slip out of tendrils of big nanny government, is the concept of the free ride for some at the expense of others, facilitated by the very government that is in place to protect our freedoms
If the proper reduced spending is partnered with the finding of the right % taxation on every dollar earned by all citizens there should be no negative consequence to how effectively the government will run within the confines of the powers granted to it