Re: [Mpls] Progressive taxes: Income vs Wealth

2005-12-07 Thread Dan McGrath
Carol Becker wrote: We talk about the progressively of taxes based on income because the government has a system of measuring income while it doesn't really have a system measuring wealth. If own say a diamond mine, the government doesn't have a system for valuing that diamond mine to

Re: [Mpls] Progressive taxes: Income vs Wealth

2005-12-07 Thread David Shove
Forbes Magazine reports that Carl Pohlad has $2.8 billion. I'm willing to take that figure. 2.8 billion is 2800 million. I propose the state take 10% of that, or 280 million, every year, until poor Carl is down to 100 million. Then we cut back to $10 million a year, until he is down to 5 million,

Re: [Mpls] Progressive taxes: Income vs Wealth

2005-12-07 Thread Dorothy Titus
Last Sunday, Greg Cavanagh had an opinion piece, Why punish the rich for good choices? in the Star Tribune. I was outraged at the way he ascribed all good attributes to the wealthy and all negative ones to the poor. I wrote the following piece in response, which was not published. It bears