Re:Economic Inequality
by devdas on Monday January 04, 2016 @01:44AM
(#10834339)
The problem is that poor people spend all (or almost all) their income. Flat taxes impact the poor negatively.
What you can do instead is just tax net worth as a flat tax (or a slightly graded tax), instead of taxing income. This impacts only those with a large positive net worth, and that makes more sense.
What you can do instead is just tax net worth as a flat tax (or a slightly graded tax), instead of taxing income. This impacts only those with a large positive net worth, and that makes more sense.
That solves the estate tax problem as well.