the more money people have the greater their ability to pay
Rich people already pay more. Not only is 20%, say, of £500,000 pa (if that's a 'rich' person's salary) more than 20% of, say, £15,000, someone earning £500,000 is likely to be paying 45% (or is it still 50%?) in tax. That, to me, is already an example of a person with more money paying more tax. We shouldn't snuff out the ability to generate money especially when it comes to entrepreneurs as they are likely to provide direct employment opportunities as well as indirect ones (their suppliers, etc).
- tomdooley likes this