Forum Post: TIME MAGAZINE coverage on TIME.com
Posted 13 years ago on Sept. 29, 2011, 12:20 p.m. EST by jimmy2cans
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There's a video http://www.time.com/time/video/player/0,32068,1187576300001_2095437,00.html
check it out
Nice video, finally one that's not about pepper spray, but more the politics.
Sadly, though, didn't they say the bankers/traders should be paying the "same tax rate" as everyone else.. i.e. flat tax like republicans want? Someone making >$10m a year should be paying 90% tax or something, in my opinion.
republicans don't want a flat tax, that would really burn them.
Maybe I misunderstand you. A flat 20% tax across across the board would be less than 90%.
flat tax as defined mathematically means everyone pays the same percent. That would really ruin the tax con scam games that now have the rich paying 3 or 5 percent while the rest of us pay 50 percent. Clearly a flat tax that is truly flat and which ends all loop holes would be enormously progressive, and in fact such a tax scheme is mathematically the most progressive tax scheme aside from just ending taxes period.