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The income tax is flawed for a number of reasons - it discourages economic growth and encourages a bloated government.
I think if I were a superhero saving the world, I'd expect at least not to have to pay income taxes. I mean there should be something in it for a hero who risks his life to save mankind every day.
The term 'income inequality' is a bit misleading because it suggests in a somewhat pejorative way that the rich are getting richer at the expense of the poor.
Elections have to have at least a little meaning. Obama ran on income tax hikes for the wealthy. People knew they were voting for that. They want that. And it's good policy.
I am going to attack income inequality and I think I have a pretty good plan to do so. I don't just tell you what I'm against. I tell you what I'm for and how I would do it.
The important prediction is not the automobile, but the parking problem; not radio, but the soap opera; not the income tax, but the expense account; not the Bomb, but the nuclear stalemate
Income tax in particular in the United States is concentrated on the top half of the income distribution, and very heavily skewed towards the top 10 or even top 1 percent.
I've always taken risks and bought property well. As journalism wasn't particularly well paid, buying homes and selling them for profit improved my income.