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Old 07-08-2011
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I don't have time for a long thoughtful reply...But Tracy seems concerned with the "progressive" nature of our taxation system. As if there is a problem that the top 10% shoulder a larger share of funding the government. Well hello...It's because the top 10% own 80% of the nation's wealth. The wealthy were allowed to benefit disproportionately from the infrastructure that America provides (legal, education, structural, etc.), so it should be expected that they pay a higher share of the tax burden. How so? Well the link below goes into a bit more detail, but it gives the example of Bill Gates from Microsoft. How did he disproportionately benefit from America's infrastructure? For one, he was able to sell stock on regulated financial exchanges. He was able to patent his product and pursue litigation in cases of infringement. He was able to hire college educated students (who went to public universities, had student loans/grants, etc.). Do you think Bill Gates would have been able to innovate and come up with Microsoft if he had lived in some third world country without America's infrastructure?

http://debatepedia.idebate.org/en/in...eater_tax_debt

And even the most ardent supporters of a "flat tax" have admitted the need for some sort of subsidy/credit for the low income earningers-- because this IS a regressive tax. So in the end, it's not even a flat tax. But just out of curiosity Tracy, I've always heard that the tax should be levied on essentially all purchases. Would you support levying the "flat tax" on purchases of stock and securities? Because if we're going to be fair, we've got to apply the tax to EVERYTHING that is purchased (including the trading vehicles of the wealthy).
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