steven787 said:
That's just not true. The bottom 5% will not cause inflation at the same rate of their wage increase. If everybody received an increase, then inflation would grow at the same rate. Flat tax would be disasterous. Minimum ~13520 - 15% = 11492/yr or 221/wk or 957/month. $20,000 - 15%= 17000/yr or 326/wk, 1416/month. $50,000 - 15%= 42500/yr or 817 wk or 3541/month. What happens then. Two things are possible, 1) government doesn't have enough money or 2) the poor can't afford to live. |
Which is why the government needs to be cut back, and all of the wastefull government spending needs to be stopped.
A Flat tax could work... but we'd need to get rid of completely useless branches of the government to do so. The government's problem is that it doesn't know how to manage it's money and just throws money everywhere and wastes it because it can, knowing that the Democrats and Neo-Cons are always ready to raise taxes to give it more money to spend.
Look at the VA Health Services. That's a Government Healthcare program done right. With similar implemation like that... and a cut to wasteful spending you could have a flat, fair tax.
Also... in your calculations you are ignoring that cost of livivng would be taken out of such a tax. The rich would still be paying a higher percentage of their income... however they would be paying the same amount when you include the tax credit for cost of living.
Instead of the current system where people are taxed a higher percentage soley because they make more money. (Not even accounting for cost of living a lot of the time.)








