Compound Empowerment
Feel it:
Apologies for being so silent these last few weeks. It's tax time...give me a break.
Preferably a (progressive) tax break.
An important point often lost in [the progressive taxation] debate is an appreciation that the common wealth, which our taxes create and sustain, empowers the wealthy in myriad ways to create their wealth. We call this compound empowerment — the compounded use of the common wealth by corporations, their investors, and other wealthy individuals.
[snip]
The wealthy have made greater use of the common good—they have been empowered by it in creating their wealth—and thus they have a greater moral obligation to sustain it. They are merely paying their debt to society in arrears and investing in future empowerment.
This is the fundamental truth that motivates progressive taxation.
It is a truth that undercuts conservative arguments about taxation. Taxes provide and maintain the protecting and empowering infrastructure that makes our income possible.
Apologies for being so silent these last few weeks. It's tax time...give me a break.
Preferably a (progressive) tax break.