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Moderator
Join Date: Apr 2000
Location: Auckland, New Zealand
Posts: 5,111
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350 - I reckon you will find that the effort required to administer the system (in separating out what is and isn't a "necessity") would render the system expensive. Plus, it can end up being pretty regressive (depending on where that levels sits).
Undoubtedly, anyone (especially the wealthy) benefit to the extent they save and invest (which is good).
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1975 911S (in bits)
1969 911T (goes, but need fettling)
1973 BMW 2002tii (in bits, now with turbo)
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