Flat tax rates. Hm. Pile of stinky shit comes to mind. I shall prove this via example.
Lets say I earn $20,000/year. I work as a secretary. so this is not uncommon.
Lets say mole earns $10,000,000 a year.
There is a flat tax of 70%, because the government is evil.
Who gets fucked up the ass by that? The guy who loses $7,000,000 dollars, but still has a very, very nice salary, or the guy who is losing $14,000 dollars, leaving him with precisely shit all?
The government gets 7,014,000 dollars from this plan.
If they taxed the Rich guy 71%, and the poor guy 10%... they'd get more money, and the poor guy wouldn't die. Sounds more fair, hm?
I don't care if the rich guy worked really hard for the uber salary, or if he sits on his ass all day. He does NOT need that extra 7 million dollars, whereas the poor guy DOES need that 14 thousand, therefore the flat tax is wholly unfair on the poor guy, not the rich guy.
This is smi's point, but in short paragraphs and an arrogant tone.
I don’t think that anyone here can possibly claim that they know exactly how to build a country in all it’s intricacy and yet still be viable, or even remotely realistic. And I have a good feeling that Rug might dispute that, but hey, just because he could (per say) rule the whole world in peace and defeating poverty everywhere… why the bloody hell would any current rich man want him to do so.
I may be arrogant, but I'm not
that arrogant. I'm an thinker, not a doer in that sense.
And no rich person would ever want to lose that extra 1%, let alone be taxed 61% more than a low paid peon...
Edited to make my numbers right.