The entire reason our income tax system is progressive is so we avoid establishment of a permanent aristocracy...
...the same permanent aristrocracy the Founding Fathers hoped to avoid duplicating when they declared independence from Great Britain.
But if you want to continue worshipping people who chose to be born to the correct families, make a living by manipulating paper, or by screwing the rest of us over, that's your prerogative.
I like to think, however, that our economy functions better when more of our people have an incentive to do actual productive work, instead of a Chosen Few living high off the hog thanks to the efforts of you and me.
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