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Originally Posted by Archaea
What is insane about a single rate tax? To me, that is inherently the most fair tax there is. I never have understood why liberals favor a progressive income tax.
I understand we might not be able to eliminate certain taxes but you are being disingenuous.
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A flat tax would exacerbate income inequality, which is socially destabilizing. Working class white males are dying at an alarming rate from suicides and alcohol poisoning.
http://www.pnas.org/content/112/49/15078.full.pdf
When you have that happening, folks are prone to demagogues like Trump rising to power.
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The Inheritance tax only collects about $40 Billion, with a multi-Trillion Dollar budget, that is peanuts, but it is a rich person tax so nobody cares.
Cutting the capital gains tax is in line with what most industrialized countries do. It does stimulate investment.
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This is one of those "this tax by itself isn't much" games. Then you add them all up...