Comment Re:End ALL subsidies (Score 1) 385
And I disagree, which I have the right to do.
A flat tax with a threshold below which no tax is done is more fair than the existing system and it is more efficient making it easier to understand an implement to collect the necessary dollars to run government. It also connects people with the spending more strongly. Lots of little details but it works.
Some people fall below the threshold and pay no taxes and will even get government benefits.
Some people will fall below the threshold and pay no taxes but are too high to get the government benefits.
Some people will fall above the threshold and they'll pay X percent of their earnings above the threshold. They get to keep all their earnings up to that threshold. This is fair for them because they can live on that threshold income. The extra left over after taxation of their bonus income is a living bonus which they can save or spend as they like. Simple system.
Everyone has the opportunity to move up and down the socio/economic class ladder.
Predictability helps greatly with making economic and social
systems work.