the money game
we like to think we live in a land of equal opportunity. but we don't. i can buy a $1 million house this year, fix it up, and sell it next year for $2 million. 20 years ago i was the same talented, hard working, frugal person i am today. but i was poor. i'd be lucky if my materially participated investments made 10%. the playing field clearly isn't fair. fortunately, there's a way to even things up a bit: graduated taxes. ie poor folks pay a low tax rate. rich folks pay a high tax rate. unfortunately, the current tax laws are a piss poor approximation of a graduated system. it's only just close enough that it let's us rich folks hoodwink the poor folks into thinking it is what it's not.