[from occupied ga]

thoughts?

Moronic enough to qualify you as a candidate for 0bama's cabinet

[piytar]

Really? Why? Quit taxing income. But the government does need revenue. Tax the mega-wealthy on their wealth. But encourage them to raise the median wealth of the nation so they get to keep more of their own.

Maybe the specifics aren't good above, but what's "moronic" about the overall concept?

[JimSEA]

A tax on a person’s net (or gross) worth is a socialist’s redistributive wet dream. Kind of like property taxes paid on the assessed value of the land regardless of loans owed. Of course, a high dollar tax exemption would never float.

[ravenwolf]

Wealth or income should not be taxed at all, there are numerous other taxes that would keep the government running which is why it took so many years before an income tax was even considered.