Flat income tax

[mikecporn]

Just to pose the question out: What do you all think about implementing a flat income tax in the US? A week ago I read several articles in the Economist magazine and for the most part, I think the writers are in favor of it. They bring out examples of former Soviet countries around the Baltic and including Russia itself that set a flat tax of

Comments

[thepandamancan]

Yeah thats right...let's do what the Russians do...that'll get us out of financial trouble...

Trickle down economics is a bunch of crap...it should be the other way around...tax the hell out of the rich and leave the poor with little or no taxes to pay at all. And the richer you are the more taxes you should pay. Then when you have dug yourself out of debt and you've amassed enough money the taxes can then slowly subside...

Also we should have higher tariffs to stop all this fucking outsourcing...

[mikecporn]

First rule of economics: there's no such thing as a free lunch. as a country, especially as a leading country, we have to find the best balance on what policy we want. the former soviet union states are among the fastest growing, yet stable economies right now, yet the high progressivism of germany, for instance, is making them have 12% unemployment for the past two decades (a 6% unemployment rate is a bad recession for us).

[mikecporn]

http://www.livejournal.com/community/economics/167044.html?view=1886084#t1886084