"The top one-10th of one per cent, meaning those who are earning more than $2.1 million, pay 17 per cent of all federal income tax but only have seven per cent of the total income."
Taxing the rich is already fundamentally unfair . Oh sure , we can all argue fairly convincingly that since they make so much cash , it's not so bad for them to carry a greater burden . I agree . That doesn't actually make it fair in the strictest sense .
The point , however , is that a flat tax would necessarily have to increase the burden on everybody who makes less then the top %0.1 of the working population to keep the money coming in at the same rate from the government's standpoint . This is why the flat tax idea doesn't go very far when it's discussed .
And as far as increasing taxes for the rich alone , well , that's fine too right up until they buy their way into a country with a far less punishing tax regime . Whatever else we may think of the rich , the fact is that thirty million people with a dollar each don't invest it in a factory but one guy with 30 million dollars will .
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