What do people here think of Progressive Taxation I for one

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What do people here think of Progressive Taxation I for one support it.

Progressive tax
From Wikipedia, the free encyclopedia

A progressive tax is a tax by which the tax rate increases as the taxable base amount increases.[1][2][3][4][5] "Progressive" describes a distribution effect on income or expenditure, referring to the way the rate progresses from low to high, where the average tax rate is less than the marginal tax rate.[6][7] It can be applied to individual taxes or to a tax system as a whole; a year, multi-year, or lifetime. Progressive taxes attempt to reduce the tax incidence of people with a lower ability-to-pay, as they shift the incidence increasingly to those with a higher ability-to-pay.

Progressive taxation often must be considered as part of an overall system since tax codes have many interdependent variables. For instance, the United States has a relatively low top marginal income tax rate of 35% when compared to other industrialized nations. However a 2008 OECD study found that when refundable tax credits other tax incentives are included across the entire income spectrum, the U.S. has the most progressive tax codes among its peer nations.[8]

The term is frequently applied in reference to personal income taxes, where people with more income pay a higher percentage of that income in tax than do those with less income. It can also apply to adjustment of the tax base by using tax exemptions, tax credits, or selective taxation that would create progressive distributional effects. For example, a sales tax on luxury goods or the exemption of basic necessities may be described as having progressive effects as it increases a tax burden on high end consumption or decreases a tax burden on low end consumption respectively.[9][10][11]

The opposite of a progressive tax is a regressive tax, where the relative tax rate or burden increases as an individual's ability to pay it decreases. Sales taxes are often criticized because low income households must pay a greater share of their disposable income to a sales tax than wealthier households.[12][13] In between is a proportional tax, where the tax rate is fixed as the amount subject to taxation increases.[5]

http://en.wikipedia.org/wiki/Progressive_tax

Money is something that governments demand as taxes. The same governments declare this to be legal tender, that it must be accepted when things are sold. As people must gather enough pieces of this money to pay the taxes this creates more demand for this money. They must produce things to sell for some of that money to pay the taxes. Taxes are the key to making money work. If the government says that taxes must be paid in gold, gold is money. If government creates pieces of paper with a picture on it and say pay your taxes in these pieces of paper, then that paper is money. And so forth.

Actually its true that in pure barter trade things get considerable harder. This is why we invented money.

Even in pure barter trade stuff have a price. People try to balance out with stuff instead with money. Good luck with doing that.

But we can conceive taxes even in barter trade.

In practice the system very fast will fall back in using gold, or what ever is rare enough to be used like currency. Its easier to balance out with nuggets of gold, then with live chickens.

The problem with any form of money system, is that money generates money. Its structurally unstable. If you don't throw in taxation or laws to control the income of the rich. In the end a single person will own everything. Of course you'll have civil war far before that stage.

I think progressive taxation is BS and that generational poverty needs to be dealt with by addressing the culture of poverty rather than through entitlements and handouts. Yes I do believe society should have a safety net, but the safety net is too easily abused as a comfort net.

@ xenon13: Taxes don't make people work harder if they're already working as hard as they can, it simply bottlenecks the rate at which they make investments since they are left with less money for investments after taxes and operating costs. Effort doesn't just go into how many hours you work, but also what type of investments you make and progressive taxing hampers the rate at which people make investments big time.

God monopoly is a horrible game, 8 hours of BS breaking of the rules.(my family lacks the patience to play monopoly without cheating) We no longer play monopoly anymore. Risk is much better as long as everyone is present throughout the game.