Flat taxes appeal to the right because they are regressive which is the real goal, reward the rich and expand punishment of the poor. And they can be set at level that requires massively cutting almost all government spending to compensate, hence moving towards their libertarian fantasiesSyne wrote: ↑Mar 19th, 2017 2:40 amI think the problem with simply lowering the tax on everyone, especially as a flat percentage of income or investment, is that while it may satisfy a certain philosophy, it doesn't really improve life for anyone. In terms of revenue, it affects the lower class very negatively in terms of gutting spending programs, and it affects the rich marginally by giving them money that will have little net effect on their quality of life.
Very interesting, i'm not sure if this idea is sound but its worth exploring further.Syne wrote: ↑Mar 19th, 2017 2:40 amMy proposal, which is to tax productivity instead of people, would simply tax industries on their output instead of trying to catch the trickles on our tongues. This I think would also generate such a ridiculous amount of revenue, that a basic minimum income would be easily affordable. We could even base the printing of currency off of raw productivity, rather than the current borrowing/lending/easing system.
However your taxation scheme has little to do with borrowing/lending, you can still lend someone money if you change the tax structure unless you make lending money illegal which of course would be counter productive