Quote:
Originally Posted by Detroitdad
How can progressive taxation be an anathema of succesful capitalist society when every succesful capitalist society has progressive taxation? And this situation has persisted for decades?
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Right now, the only successful countries are small ones. The larger ones experience some success in spite of themselves.
Hong Kong has a low, virtually non-progressive tax structure. Singapore may be similar.
Costa Rica has low cost, low income tax and virtually no progressive taxes.
Northern Europe has no growth in new business, wealth does not cross traditional existing families. In France, you are born to wealth and do not have the opportunity to migrate from socioeconomic class. The ultimate capitalist society has not been realized because we do not employ sufficient enough of the capitalist principles.
Economic mobility is the key to a successful happy society. We need the ability for poor to migrate to middle or even upper class. The more progressive a system, the less probable this becomes. Yes this system has populist appeal.