Quote:
Originally Posted by RawAlex
The number "23%" is just a number.
Yes, flat taxes do put pressure on the poor, but it gets back to the old trickle down theory - if the rich don't have to pay so much in taxes, they will have money to invest and put into actually doing things, which should raise employment and therefore over time improve the lives of the poor.
See Ronald Reagan, trickle down economy (aka Voodoo Economics).
The change would be shocking, which is why it would never happen, but the ends results would likely be quite good.
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Well, depending on how the flat tax was implemented it might not be that harsh on poor people and they wouldn't have to count on trickle down economics. Fairtax.org has this idea of a flat tax that offers a rebate to poor people on essential items, etc (even though I could see that system plagued with corruption), there's still options to implement a flat tax that wouldn't neglected poor people and the essentials they need to survive.