DIYbanter - View Single Post - Tax rates should be returned to their original 1913 levels

Hawke[_3_]

On 9/18/2012 5:08 AM, wrote:
On Sep 18, 12:52 am, a friend
wrote:

a flat tax has a pernicious effect on the poor and a very beneficial
impact on the rich. Look at it this way - if you are skipping meals to
save money to pay the rent, taking away 10% means you don't eat for 3
more days out of the month (at least). If you make a million dollars,
taking away 10% means nothing to your ability to feed yourself and your
family, nor to provide housing and clothing and transportation. If you
are choosing medication or electricity, 10% can mean you don't treat
your disease or you have your power turned off, if you are rich you just
pay these things and maybe don't buy that 12th ferrari you were going to
display on the front lawn. Remember the great Anatole France, who said
"The law, in its infinite majesty, forbids the rich as well as the poor
to sleep under bridges, to beg in the streets and to steal bread".

I was- not arguing for a flat tax. I believe that a progressive rate
is the right thing. But was just pointing out that Hawke can not
express himself in a clear manner. He claims he can, but then posts
really silly things as he did. How he ever came up with the rich
paying a lower rate, when there is only one rate is truly a mystery.

Dan

All you have to do is read up on how flat tax or proportional systems
are regressive. When you can understand how a proportional tax is
regressive and you know what a regressive tax is then you will
understand how the richer people pay a lower rate than the poor in a
proportional tax system. I'm not going to explain it to you. I don't
think you would get it.

Hawke