PoliCHARTZ - Thread of U.S. Politics & the Presidential Election

[Final-Fan]

Kasz216 said:

Final-Fan said:
So Kasz216, you favor a Flat Tax?

Not as of yet.  However I don't favor raising the tax percentages either.  Doing that to the people who actually do a large portion of investing and job creating seems like suicide with the financial situation as it is.

I think a flat tax in the end is probably fair.  Yet not feasable considering how the government currently runs, and that if we cut back on a lot of the useless crap the government does and focus some money on other needs like healthcare and other needs.

I mean.... once everyone is taken care of by their basic needs... what's unfair about a flat tax?

Once the basic needs are taken care of on all what's wrong with having a flat tax?

Two basic comments:

What constitutes "basic needs"?  Food and shelter?  Food, shelter, and clothing?  Food, shelter, clothing, and video games?  College?  Opinions are going to differ. 

I would argue that taking 20% of $20,000 hurts a lot more than taking 20% of $200,000.  That's why I don't favor the flat tax at all. 

As far as taxing investments, I'm willing to get into this if you want, but preferably we might create a devoted Flat Tax discussion thread if we're really going to go at it.  But one thing I recently heard of is that in the past there has sometimes (in dire times such as this IIRC) been a very small (0.1%) tax on stock trades.  This would certainly cut down on market volatility, which I believe has been named as the biggest [edit:  current stock] market hazard.