Flat taxes are a dumb and terrible idea for a plethora of reasons.
The most straight forward of these reasons are that people who make less tend to have less disposable income. So if there's a 10% flat tax, the person making 50K needs his 5K more than the person making 500K needs his 50K.
The reason behind this is simple. The things a lot of us buy cost roughly the same no matter how much we make. A PS4 is $299 for everybody, Gas, food, cellphones, clothing, and a whole host of other things don't change drastically for someone who makes more money.
The second most obvious reason why the flat tax is dumb is simply revenue. If you make a tax rate that is lower than what most high income people were paying before than the revenue stream is going to collapse. Currently, everyone who makes more than 38K is paying more than that. A bulk of personal tax revenue comes from higher income people because that's were the bulk of the money is. So to take that stream of revenue and decrease it so vastly is going to hurt.
Bet with Adamblaziken:
I bet that on launch the Nintendo Switch will have no built in in-game voice chat. He bets that it will. The winner gets six months of avatar control over the other user.
