I guess the flat tax idea is resurfacing again.

[Cleita]

13. Oh, is that how you would work that? How regressive of you. I suppose you like sales tax too.

I'm talking about capital gains. If you have a million in assets and it increases to twice that, shouldn't you pay more than 15% taxes on those gains since you really did nothing to earn it? Also, here in California, we have a 1% property tax. Shouldn't out of state billionaires like the McCains and Romneys, who own million dollar "vacation" properties in my state pay 5% in taxes for the privilege of living here and using our roads and other public services? Considering they have other palaces around the country, it seems they can afford it. Actually, the hills across the highway from where I live is full of palatial beach vacation homes that go empty most of the year, or they are rented out for a profit, while the beaches are full of destitute poor people living in trailer parks or in their cars or on the beach. It seems they can pay 5% property taxes and there should be taxes on the rents, which is income generated from assets not labor.

How does that work for you?