Hillary: Bill to Be in Charge of Economic Revitalization

[ChinoCoug]

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.

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.

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.

This is one of those "this tax by itself isn't much" games. Then you add them all up...