| TheRealMafoo said: Well that's a socialist point of view: "The rich just shouldn't have all that money, so we are going to take it from them." |
As opposed to "The poor shouldn't have all that money, so we are going to take it from them."
Economically speaking, flat taxes do not work. It puts a larger tax load on lower income people who need that money to support themselves with housing, food, healthcare, and other basic essentials, as opposed to high income people who use that money for less necessary items. People with lower income are working demanding jobs to support themselves and their families, the last thing we want to do is make it harder for them to provide for their families.
The end result of a flat tax is either people living in poverty with increased crime rates that hamper the economy, or people depending more on the government than themselves for lost income resulting in more government spending or increased minimum wage.
