Please, judge an idea on its own merits and not on its source! By the way, Zakat is not based on wealth, but on 1/40 of income.
Sorry, Machjo, you are wrong here. Zakat is paid on the wealth, not on the income. Refer to the following websites.
Zakat - Wikipedia, the free encyclopedia
IslamiCity.com - Zakat
the Zakât page
Zakat is 1/40th (or 2.5%) of your wealth, not your income.
And you evidently have no idea how politics works. Suppose a politician runs on the platform of wealth tax, what would be the result? First, the right (which is an enthusiastic supporter of the flat tax) will be strongly opposed to it. The right does not like the wealth tax. Then they will point out to the people that it is an Islamic concept. If the tax proposed is 2.5%, it will be referred to as Zakat, if it is 5%, it will be referred to as double Zakat.
In an election, the optics will look terrible. People have an instinctive fear of anything that smacks of Islam. When it is pointed out to them that wealth tax is an Islamic concept, that will be the death knell of wealth tax.
Unfair, I know. But that is how politics works. Life (and politics) isn’t fair. Wealth tax has even less of a chance of getting enacted than the flat tax does,
Sorry, Machjo, you are wrong here. Zakat is paid on the wealth, not on the income. Refer to the following websites.
Zakat - Wikipedia, the free encyclopedia
IslamiCity.com - Zakat
the Zakât page
Zakat is 1/40th (or 2.5%) of your wealth, not your income.
And you evidently have no idea how politics works. Suppose a politician runs on the platform of wealth tax, what would be the result? First, the right (which is an enthusiastic supporter of the flat tax) will be strongly opposed to it. The right does not like the wealth tax. Then they will point out to the people that it is an Islamic concept. If the tax proposed is 2.5%, it will be referred to as Zakat, if it is 5%, it will be referred to as double Zakat.
In an election, the optics will look terrible. People have an instinctive fear of anything that smacks of Islam. When it is pointed out to them that wealth tax is an Islamic concept, that will be the death knell of wealth tax.
Unfair, I know. But that is how politics works. Life (and politics) isn’t fair. Wealth tax has even less of a chance of getting enacted than the flat tax does,