I am all for what this guy says, except for this part:
and without regard to the obvious inequity of its likely substitute, an arbitrary flat tax.
There is nothing arbitrary about a flat tax. We set a rate for everyone to pay that give the government the money it needs to pay its bills.
In contrast, what we have now is quite arbritray.
There is nothing arbitrary about a flat tax. We set a rate for everyone to pay that give the government the money it needs to pay its bills.
LOL, how do you figure any tax rate is set? It's always arbitrary up to the point that a substantive proportion of the electorate screams about it being too high. That is what sets the rate of any tax.
The rule for any income tax is the larger the voting block that you can be collected into a voting block, the lower your tax rate. There are alot more poor people than rich people subject to paying income taxes. Think about it.
In a sales tax situation, the seller cannot distiguish one individual from another by income thus everyone, of necessity, is hit with the same rate at the retail register. Everyone gets to feel the burden equally which means the door squeeks sooner and louder resisting upward changes.