Comment Re:He's also advocating for tax hikes for the rich (Score 4, Insightful) 207
Taxes should be flat across the spectrum. You shouldn't get a break because you are extremely rich or poor. Besides, a flat tax is naturally progressive. If you make more, you pay more.
A flat tax is only "progressive" if you abuse the word to mean something else and completely ignore how everyone else is using the word progressive.
Here's a letter from the 3rd President of the USA to the 5th President.
Thomas Jefferson to James Madison
28 Oct. 1785
Another means of silently lessening the inequality of property is to exempt all from taxation below a certain point, and to tax the higher portions of property in geometrical progression as they rise. Whenever there is in any country, uncultivated lands and unemployed poor, it is clear that the laws of property have been so far extended as to violate natural right. The earth is given as a common stock for man to labour and live on.
That's the author of the Declaration of Independence writing to the "Father of the Constitution" and author of the Bill of Rights.
Better still, let's not tax income or property. Since all money in the economy is eventually spent, let's simply tax consumption and fund our society that way. Everyone consumes - those that consume less will pay less tax.
How did this get modded up.
Everyone has a basic level of consumption: food, water shelter, clothing, transportation.
For the poorest, this basic level of consumption makes up most of their spending.
It's the difference between a 10% tax on 90% of your income or 1% of your income.
That's not progressive, that's not better, that's not fairer.
And the founding fathers thought it was dumb.