I shudder at the thought of a country where the definition of a happy and comfortable life is dependent on the government. How much money can a citizen keep till he becomes associated with hoarders? How many children can you have before the government decides that you are becoming less happy and comfortable? How many cars is the government going to allow you to have till they decide that you're becoming decadent and unhelpful to the general rules of governmental abstinence. The thing about freedom is that it's so hurtful and unfair sometimes. It's still better than letting the politicians govern your values by confiscating your private property. Don't get me wrong, I'm all for fixing our overly complex ridiculous tax code. A simple flat tax would fix much of our problems I believe. Also, what part about a government unable to balance a budget is supposed to make me comfortable with their financial expertise?
The "flat tax" idea has been plugged into the Libertarian playbook by the super-rich and would only be fair if everyone's earnings were the same.
If you earn $50,000 and the flat tax is 20 percent, you pay ten thousand dollars, which means you can't afford braces on your kid's crooked teeth , or to replace your dying car, or to fix your leaking roof, etc. But one who earns $10,000,000 will pay two million in taxes, leaving only eight million to get along on, which means he's stuck with the same yacht for another year, or he'll have to fly commercial to the Bahamas rather than hire a private, jet, etc.
In other words, there is a point at which the flat tax is a real burden only on the lower class. Because beyond a certain point it becomes irrelevant in real terms. Taxation is not expected to by painless -- but
everyone should feel the pain. Not just the little people. The fundamental meaning of America is the end of aristocracy.
Twenty million -- no more. And a progressive tax rate. The rich stay rich, just a little less rich.