Now, if someone wants to develop a flat tax that takes into account a structure of deductions to protect low/middle income earners, have at it. I'll be happy to run the numbers.
Current flat tax proposals are weighted to benefit a small percentage of earners. The highest earners in the middle class would see a benefit of a few hundred $ savings, and the highest income earners would see savings of thousands to hundreds of thousands of $$$$ under Paul's flat tax proposal. The hit to federal $ intake would not be pretty. We'd either have to cut military spending dramatically, which under the current Congressional makeup is not going to happen, or we'd see further crumbling of our infrastructure and cuts to aid to poor folks, who would get a double whammy of not benefitting from flat taxes AND would lose out on aid. But many flat tax proponents don't care about rich folks benefitting and poor folks getting hurt, because 1). "I'm only temporarily NOT rich. My ship will come in any day now" and 2). "Everyone knows it's poor folks scamming the system, not rich folks like dear Donald Trump." Of course, the chance of one's ship coming in is lower now than ever before, and folks like Trump cost taxpayers far more than poor folks do.
It is not an accident of Providence that America saw it's fastest economic growth for everyone when the progressive income tax was at it's highest level for upper incomes and America crashed and burned by 2008 as tax cuts, which benefitted mostly upper income folks, became the law of the land. I remember promises that tax cuts would put more dough in the hands of Americans, and I've seen the actuality that the "job creators" folks who benefitted from lower tax rates just held onto their dough, as American wages stagnated.
American politicians stink to high Heaven. They are doing the will of thems who donate the biggest $$ to their coffers. But, of course, "money is speech", and in politics, money is talkin' loud 'n clear.
It is not an accident of Providence that America saw it's fastest economic growth for everyone when the progressive income tax was at it's highest level for upper incomes and America crashed and burned by 2008 as tax cuts, which benefitted mostly upper income folks, became the law of the land. I remember promises that tax cuts would put more dough in the hands of Americans, and I've seen the actuality that the "job creators" folks who benefitted from lower tax rates just held onto their dough, as American wages stagnated.
American politicians stink to high Heaven. They are doing the will of thems who donate the biggest $$ to their coffers. But, of course, "money is speech", and in politics, money is talkin' loud 'n clear.