What went wrong with generation snowflake

[INS Senior Member Find all posts View Profile Close INS]

The tax rate not good? So if you make over a certain amount you pay 35% but if you make under a certain amount you pay 10%. So the rich get taxed more than the poorer.That's fair? Not in my book. A flat tax does seem fair doesn't it. Somehow if we were all paying the same flat tax there wouldn't be enough to pay for.

Yeah, its pretty fair.

Simple analogy: if you have 1000 and 35% is taken away you still have 650.
If you have 100 and 35 is taken away, you have 65 left. Someone with 650 will still have a lot left to survive, save, rely on and keep for luxuries.
Someone with a lot will also not spend all of it and will save a bunch. Statistically most of that money becomes dead and stagnant to the economy as it doesn't circulate, and the rich person doesn't even need it.

So the government takes a bit extra that the rich wouldn't use anyway. The circles the money back into the economy, takes the load off those who have less to support the economy and government programs.

Its also the system that would've allowed you to make 1000 to begin with.

[closed224 Senior Member Member of the Month Dec 2014, Feb 2017 Find all posts View Profile Close closed224]

https://en.m.wikipedia.org/wiki/Weal..._United_States

This is said to be one of the major issues with Generation Snowflake. Can't succeed so party til it burns down.