[EMAIL PROTECTED] wrote: > >In a message dated 6/24/06 3:18:09 P.M. Central Daylight Time, >[EMAIL PROTECTED] writes: > >That's why a progressive income tax is a good thing. It is an >disincentive to accumulating excessive wealth. It is better to have more >millionaires than any billionaires. You would allow people to accumulate >an estate worth up to $12 million and then the progressive tax kicks in. >It's not there to make money for the government. Anyone who thinks they >need more than $12 million has to be sick. > >(Just watch the resident righties -- rich wannabes but never-gonna-bees >-- whine at this). > > > > >What's so important about the number 12 million being a cut off point? > > > It's just an example. I've heard economists use it.
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