Flat Tax is a fraud and Steve Forbes knows this...

Discussion in 'Politics' started by merrill, Jan 16, 2012.

  1. merrill
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    merrill VIP Member

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    The Republicans’ push for a flat tax masks what’s really going on.

    Remember: The top 1 percent is now raking in over 20 percent of the nation’s total income and owns over 35 percent of the nation’s wealth. Under almost anyone’s view of fairness, these are grotesque portions. They’re especially large relative to what they were as recently as thirty years ago, when the top 1 percent raked in under 10 percent. And these huge portions at the top continue to increase.

    Meanwhile, the top tax bracket is now 35 percent — the lowest it’s been in three decades. Between the end of World War II and 1980 it never fell below 70 percent.

    Simple fairness requires three things: More tax brackets at the top, higher rates in each bracket, and the treatment of all sources of income (capital gains included) exactly the same.

    Not only fairness demands it, but also fiscal prudence. A truly progressive tax would bring in tens of billions of dollars a year from the people at the top who are in the best position to afford it.

    Regressives are pushing the flat tax as a smokescreen. They’d rather not have anyone talk about the unfairness and fiscal absurdity of the current system.

    Rather than merely oppose the flat tax, sensible people should push for a truly progressive tax – starting with a top rate of 70 percent on that portion of anyone’s income exceeding $5 million, from whatever source.

    Robert Reich (The Flat-Tax Fraud, and the Necessity of a Truly Progressive Tax)
     
  2. merrill
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    merrill VIP Member

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    Flat-taxers pretend a flat tax is good public policy, for two reasons.

    First, they say, it would simplify paying taxes. Baloney. Flat-tax proposals don’t eliminate popular deductions. (I’ll be surprised if Perry’s plan eliminates the popular mortgage-interest deduction, for example.) So most tax payers would still have to fill out lots of forms.

    Second, they say a flat tax is fairer than the current system because, in Cain’s words, a flat tax “treats everyone the same.”

    The truth is the current tax code treats everyone the same. It’s organized around tax brackets. Everyone whose income reaches the same bracket is treated the same as everyone else whose income reaches that bracket (apart from various deductions, exemptions, and credits, of course).


    http://robertreich.org/post/11753807617
     
    Last edited: Jan 16, 2012
  3. Luddly Neddite
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    Luddly Neddite Diamond Member

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    Absolutely agree and here's reason number 11 not to do business with BofA - they backed idiot Perry.

    Ask yourself why BofA would want someone as empty headed as Perry in the White House.

    Same reason Big Money is buying the candidacy for Mittens.
     
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  4. NYcarbineer
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    NYcarbineer Diamond Member

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    A flat tax replacing a progressive tax, all else being equal, creates a mathematical certainty that taxes for poorer Americans would rise relative to taxes for richer Americans.

    Of course the GOP likes this idea. It pays off their constituency of higher income voters.
     
  5. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Keep it up.. you're on the fast track to breaking the record for most number of stupid threads in one day.
     
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  6. Liability
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    Liability Locked Account. Supporting Member

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    A lot of what you say is ignorant and stupid, but the bolded parts are the pits.

    The tax structure ought to be flat if we use an income taxation system at all.

    I grok the notion that flat is not "progressive" and that a guy earning a $ million can afford his flat share (let's call it 20% which is $200,000.00) a whole lot easier than a guy earning $50,000.00 can afford to pay $10,000.00. And honestly, I think there's enough truth in that so that I might even be willing to concede that SOME sliding progressive type scale should be authorized.

    But other than that, your weeping and wailing over the fact that there is income disparity is utterly unpersuasive tripe.

    There SHOULD be income disparity. And the degree of income disparity is (for the most part) none of your fucking business. You liberoidals tend to be a graspy greedy jealous lot.
     
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    Last edited: Jan 16, 2012
  7. Jarhead
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    Jarhead Gold Member

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    yeah....I mean...hell....lets secure that one percent vote even though it will likely result in the loss of the other 99%.

    What do you do...lie in bed at night and try to come up with the most rediculous theories possible?
     
  8. California Girl
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    California Girl BANNED

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    :lol: I might have some respect if he (and the OP) could come up with their own ridiculous theories... sadly, they're not even capable of that. They regurgitate whatever some left wing idiot says... and, more often than not, they don't understand it, or haven't read it.
     
  9. knuckles
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    knuckles Neanderthal Man

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    That is insane. Why should the government get 70% of anyone's income.
     
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  10. NYcarbineer
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    NYcarbineer Diamond Member

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    Do you know the difference betweeen the words 'higher' and 'high'?
     

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