The town of Weserville took the concept of these tax bases and had sample groups of people from the town each pay taxes with the different types of tax bases. The class learned that some tax bases are more fair than other, although many people still felt differently over which one was the most fair. When there was a proportional tax, people were slightly irritated that the tax did not make much of a dent in the money of the rich. When there was a progressive tax, the poor were happier, but the rich were a little unhappy they needed to pay more. The citizens of Weserville were pretty upset when there was a regressive tax because the poor were almost broke and the rich barely felt the tax.
I flat out think that the regressive tax is completely unfair because the poor have to give more money that means more to them than the rich. The rich have more money overall to give so even if they are paying more, they are not giving money that mean as much to them as the poor. I personally am torn because the proportional tax is more fair to the rich and not completely unreasonable with everyone paying the same tax percentage. I also think that the progressive tax is fair because it helps the poor more and also provides more money by taking a greater percentage from those who have more to give. The tax bases are very different, but I think it can be clearly seen that the regressive tax is far more unfair than the proportional and progressive tax.
Works Cited
"Lower Mac News & Issues." Lower Mac News Issues. N.p., n.d. Web. 27 Feb. 2014.
I like your very informative post. I agree that regressive taxes are quite unfair to the people who don't have much, but I think the reason behind them is paying the federal payroll. It doesn't make much sense but someone has to pay it. If the only ones who aren't on the payroll are the poorer people than they have to pay.
ReplyDeleteI definitely agree with you on your opinion on the regressive tax. As one of the more poorer residents of Weserville, and only a few thousand to offer up, a type of tax that requires more money from the poor is absolutely unfair. The poor and unemployed people desperately need that money to survive, but the richer residents who have jobs are more likely to be able to thrive even when they pay their taxes. So I completely agree with you there, Ani.
ReplyDeleteI believe regressive taxes are unfair, but I would honestly prefer a proportional tax so everyone is being "hurt" equally. This week in economics answered a lot of my questions regarding the economy and it is summed up nicely in this post. Overall great job!
ReplyDeleteI totally agree with you that regressive taxes are unfair. I think that the rich should put out more than the poor because they made much more then those who are financial unstable. They will definitely be effected by this type of tax
ReplyDeleteI think that a proportional tax is the best option when it comes to choosing a taxation system. A flat rate which all members of a society can pay according to their income is the most fair. Both the regressive and progressive taxes take advantage of a group of people (poor or wealthy). It is especially cruel, however, to think that a government would tax those who are impoverished!
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