TheRealMafoo on 25 July 2009
| Final-Fan said: I don't feel like getting dragged into this debate at the moment (though I reserve the right to succumb to the urge), but there is one point I want to make: Flat tax vs. progressive tax is a completely different subject from no loop holes vs. shitloads of loopholes. Saying we ought to junk progressive taxation in favor of flat taxation because of loopholes is just a bad argument. |
I agree. Flat tax, no loopholes is what I think we should have.
And for all those who are worried about people not being able to eat with a flat tax system.. if everyone paid taxes, it would do two things...
One is it would mean every bill that needs to be paid for, is paid for by everyone. This means a lot less bills will be passed. Right now, 40% of the US doesn't pay taxes, so what do they care what something costs.
This would reduce the cost of government, thus reducing everyones taxes.
Also, if everyone paid taxes and took home 20% less, then what it cost for the poor to have the same standard of living they have today, would be 20% less. The market adjusts to such things.
