[Superman]

Fellow Board Members, Glenn has some silly idea about redistribution of wealth in our country, but it reminds me of the lucid and creative ideas I have on this topic, so here goes. How 'bout if the first $50,000 in personal income were tax exempt, and the tax rate on income in excess of that amount were ten percent with no loopholes. This way, taxes paid by ordinary, simple, humble, responsible, modest individuals like myself would pay substantially less in taxes, while the sociopathic, mean spirited, greedy rich folks would have no tax shelters to hide behind. Of course, this assumes that an individual earning, say, a quarter-million dollars a year could afford to pay $20k in taxes. Is that a bad assumption? And isn't this the kind of plan that would actually increase tax revenues, allowing our country to invest in much-needed infrastructure repairs and improvements?