> Seriously, this is a great time to institiute a flat tax. No deductions, no shelters,
> no sliding scales... the same % rate for everyone... what's more fair than that?
I've been saying that for years and would vote for any party supporting that. I would add that there should be a basic exemption, say $10,000, that no tax is collected. So then if you earn 20k, you pay on 10k, and if you earn 200k, you pay on 190k. Heck you could still add a few basic exemptions like 1-2K per kid under 8, or whatever.
Also get rid of all other taxes, sales tax, booze tax, fat tax, etc. I still think there should be a penalty on smokes for health reasons, but that is a slippery slope. Some people eat potato chips into excess, causing health problems. Whereas, my chip consumption has never put me into a bad weight/cholesterol situation, so why should I be taxed?
Unfortunately, a flat tax would put a lot of government workers out of business. And would not give the political parties money to steal from one section to give to another, to buy votes. So a flat tax, no matter how sensible, will never happen.
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Re: Protests on Wall Street... dangerous rhetoric
