merrill@rex.DEC (02/25/85)
> Consider the arguement that the person making 5 times as much income has > 5 times as much to loose if his house burnt down (no fire department), ... Whoa! Incredibly poor logic here! "Income" is not at all the same as "assets!" In fact the imbalance between the two can vary emormously: wealthy widow with lots of house and land and few low yield investments versus new PHD in LSI technology with lots of income and little or no assets. Perhaps what is needed is an income tax law similar to Mass. "prop.2.5" - separate but flat taxes on income and flat taxes on property. RMM