Even a flat tax is progressive. If I make 10 times as much money as you, I pay 10 times as much in tax.
…He clearly doesn’t understand what “progressive” and “regressive” taxation means. To break it down Barney-style, if you’re poor and make $1000/month, and I’m better off and make $10,000/month with a flat tax of 10%, then you end up with $900, and I end up with $9000. With $900 you might be able to get food and gas for a month. With $9000, I can pay a mortgage, save a bit, and get gas and groceries. This isn’t even taking into account that most of the obscenely wealthy take a tiny income and rather live off of investments, which are taxed differently and lower.
tl;dr: Whoever wrote this is clearly too stupid to be taken as a serious person.
Honestly, I think a flat tax is just fine if the rate is 100%. The taxes can be used to cover UBI plus universal health/child care and room and board for everyone. See how into flat taxes he is then.
…He clearly doesn’t understand what “progressive” and “regressive” taxation means. To break it down Barney-style, if you’re poor and make $1000/month, and I’m better off and make $10,000/month with a flat tax of 10%, then you end up with $900, and I end up with $9000. With $900 you might be able to get food and gas for a month. With $9000, I can pay a mortgage, save a bit, and get gas and groceries. This isn’t even taking into account that most of the obscenely wealthy take a tiny income and rather live off of investments, which are taxed differently and lower.
tl;dr: Whoever wrote this is clearly too stupid to be taken as a serious person.
Honestly, I think a flat tax is just fine if the rate is 100%. The taxes can be used to cover UBI plus universal health/child care and room and board for everyone. See how into flat taxes he is then.
/s but his idea is also bad