Obama Announces Re-election Bid

[TheMercenary]

Originally Posted by Fair&Balanced

I would suggest the talking is from the supporters of a flat or fair tax who are never able to provide details on request, bit only offer unrealistic economic assumptions.

Great, dispute the assumptions. I mean since "every thing you have seen" and a number of major economies have failed at this attempt. Can you ID those countries and exactly how they failed compared to the proposals you have read?

Compare and contrast your observations. Thanks.

[Fair&Balanced]

Originally Posted by TheMercenary

Great, dispute the assumptions. I mean since "every thing you have seen" and a number of major economies have failed at this attempt. Can you ID those countries and exactly how they failed compared to the proposals you have read?

Compare and contrast your observations. Thanks.

There are no industrialized countries with a flat tax, after several EU countries gave it a look, because they found that converting from a progressive tax system to a flat tax redistributes wealth in favor of the top taxpayers and harms the middle class, not only because it is more regressive, but also because it also eliminates deductions that benefit the middle class (mortgage interest, health care costs, pension contributions, etc) and because the reliance on models of economic growth at levels that were unrealistic.

If you feel so strongly about the advantages of a flat tax, you should be able to post one that has been proposed that is not regressive, will not cost the middle class more than they are currently paying in taxes, and does not rely on phantom economic growth projections.

Its a bit disingenuous to say a flat tax is fairer and will better address the debt without demonstrating how that would happen.

[TheMercenary]

Originally Posted by Fair&Balanced

...after several EU countries gave it a look....

bull shit. that is not what you said....