That part of it is. But to tax a group of people simply for having more is not. It's a also a little scary that use the phrasing 'allows'. The government of this country was not set up to define what it would 'allow' the citizenry to do or what property it would allow them to keep. The government was set up to PROTECT our property, not tell us how much of it they're going to let you keep and decide that arbitrarily on how much you have.
It's just a word, Bro'. How much does the government 'allow' you to earn before lowering the tax boom now? For me it's every paycheck.
If it will make everyone happy, we could do 7% on every dime for everyone in addition to the 7% general sales tax. That just gives the government more to spend and gives "those most likely to spend it" less.
I'm easy - I can certainly afford it.
Here's a thought... How about we allow citizens to earn their first $30,000 tax free and make citizenship worth something again?
I'm easy too. I just want a tax code that treats everyone the same. If it's a national sales tax, fine. If it's a flat income tax, fine. If it's a tax on wealth, fine. If it's a combination of the above, fine. It just has to treat everyone the same. No breaks for the rich, no breaks for the poor, no breaks for corporations, no more sin taxes, no more tax subsidies. The tax code of this country really doesn't need to be more than a page long and I bet we could still get government plenty of money to do what it needs to do.