The 1990 “yacht tax” caused a large deadweight loss, because demand for luxury yachts made in the United States is _______.
very elastic
very inelastic
perfectly inelastic since “rich” people will pay whatever is necessary
perfectly elastic

But a terrible thing for my Tax dollars to go to help the employees of that failed businessman keep food on their table?

Suppose that instead of income taxes the government taxed us on things society generally considers vices and frivolities? So, instead of collecting taxes from everyones income we put a tax on things like alcohol, cigarettes and porn? It wouldnt even have to be a very large tax, a 1 cent tax on every soda sold in the United States would bring in billions of dollars of revenue.
Also, we could tax things like yachts. Unless its your livelihood, like if you are a fisherman for a living, we put a tax on yachts. Or unless you have so many children, there will be a tax on mansions. I mean, unless you can prove you need that frivolity, you must pay a tax on it. A tax on any car that gets less than 30mpg. A tax on any jewelry that costs more than a hundred grand. That kind of thing. What do you think?
Just in case you think I’m being unfair, I smoke about a pack and a half a day, I drink every weekend and I’d kill for a sail boat. I also eat fast food from time to time, which I think we should tax the living crap out of. That would bring in some revenue in the fattest nation in the world.

I work for a manufacturer and make only a couple dollars over minimum wage, along with most of my co-workers.

The owner of our company has a multimillion dollar house, yacht, expensive cars, and takes lavish trips all over the world. He even bought a new house for his parents.

Why would anyone whine that he should have to pay higher taxes to help take care of us “poor” disposable employees so that we can get healthcare?

I was wondering, How much to MDs really make on average after the taxes??
I know that the pay differs for different specialties, so could you give me a ball park number for general surgeons, physicians, and anesthesiologists?

Does this really allow the dream life that many illustrate (nice house, yacht, wine and nice restaurants every night), or is life more down to earth??