Lagboltz
Well-Known Member
...
Everyone who earns an income should have to pay income taxes.
....
Everyone should pay their "fair" share. .... they'd finally have "skin in the game".
You repeat "everyone should have to pay income taxes" and "Everyone should pay their "fair" share" You never say why everyone should pay, or why "fair" is defined as a flat tax, or why they should have "skin in the game".
My nephew has a job doing condominium maintenance. He has two small kids. He can't make ends meet on his salary. He is on food stamps. If you tax him at 15%, he will have a difficult time buying just food, clothes, rent and utilities. He lives on hand-me-downs that my brother and I give him. He has little discretionary income to increase the economy of the US. 15% tax would take all discretionary income away from him.
I would guess that 50% of the US population are like him. A flat tax would devastate spending at retail stores.
I say "fair" is defined as a progressive tax with reasonably defined deductions. I think our difference is that basically you are looking at it from the viewpoint of the wealthy individual. I am looking at it from the viewpoint of what is required for America to prosper. What good is it to be wealthy if America falls apart economically. The wealthy - athletes, Hollywood, corporate executives, etc. have become wealthy from the pockets of the less wealthy classes. They should not complain if their taxes are higher than the rest.
Bush was scoffed at, when he said "go shopping" after 9/11. But he said made economic sense. We are a consumer economy, and the economy would collapse if people stopped shopping. That would happen to many people with a 15% flat tax.