Taxation and the middle class

[danbrotherston]

Progressive tax is definitly good, but as for very wealthy individuals, there should be an added luxury tax. You want to buy a sportscar? 100% tax. You want to buy a giant mansion? 100% tax. You want a designer handbag/clothing? 100% tax. You want to import a luxury good? You're getting taxed for that too.

Obviously I'm exaggerated about the percentage, but its an indirect way of getting them.

Define “sportscar”. Define “giant mansion”. Define “designer”. Define “luxury”.

I’m not actually saying that a luxury tax is totally impossible, but it’s very difficult to make something like that actually do what you want it to do.

Indeed! Like this is part of why the US has gargantuan trucks as suburban commuter mobiles....because it's a way of getting them around certain laws.

So if you tax "sportscars" 100% then the next Porche 911 will be built on a light truck frame.

Why does it make more sense to tax "luxury goods" than it does to tax high income individuals.