tag:blogger.com,1999:blog-13617569.post2855445372612134527..comments2024-03-27T02:13:58.088-07:00Comments on Integral Options Cafe: Arizona Slashes Education, Health Care for the Poor - Proposes Flat Income Taxwilliam harrymanhttp://www.blogger.com/profile/06981478282688361274noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-13617569.post-62875507719179671842011-03-30T21:09:01.193-07:002011-03-30T21:09:01.193-07:00that $3.5 million difference is made up in the eli...that $3.5 million difference is made up in the elimination of ALL deductions, again shifting burden to the poor<br /><br />yes, the plan makes all people pay the same rate, but 2.13% is a lot for someone at $20k, but very little for someone making $2 million.<br /><br />Fair? Not so much.william harrymanhttps://www.blogger.com/profile/06981478282688361274noreply@blogger.comtag:blogger.com,1999:blog-13617569.post-17779288641377638222011-03-30T21:00:24.233-07:002011-03-30T21:00:24.233-07:00Beautiful sentiment: “the stupid, it hurts!”
I th...Beautiful sentiment: “the stupid, it hurts!”<br /><br />I thought it would be worthwhile to run the numbers from the before and after picture provided by the useful chart.<br /><br />In a total income generated tax revenue of roughly $2.35 billion, the flat tax will reduce the overall tax burden by slightly more than $3.5 million.<br /><br />The most significant change of moving the flat tax will simply be to move nearly $400 million of the tax burden from those earning over $100,000, to squarely on the shoulders of those earning under $100,000.<br /><br />The Stupid. It's Hurts!Kabirnoreply@blogger.comtag:blogger.com,1999:blog-13617569.post-20765256529741850262011-03-28T07:42:07.908-07:002011-03-28T07:42:07.908-07:00Think of it this way, wealth is building up in a b...Think of it this way, wealth is building up in a big, expanding balloon. Eventually the balloon will burst and all that glorious wealth will not just trickle down, but come splashing down on all of us poor and downtrodden. If you can just hold onto that vision, it might help during the long and painful waiting period. And meanwhile, if you can get yourself into the early stages of some clever pyramid scheme, or something along the lines of a ponzi scheme, you know, like credit default swaps, you might be able to break out of serfdom, and into the green ahead of the masses. Imagine how wonderful it will be to look down at all the ordinary people and feel an exaggerated sense of self worth.Anonymousnoreply@blogger.com