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Forum Post: TIME MAGAZINE coverage on TIME.com

Posted 12 years ago on Sept. 29, 2011, 12:20 p.m. EST by jimmy2cans (1)
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4 Comments

4 Comments


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[-] 1 points by sudoname (1001) from Berkeley, CA 12 years ago

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.

[-] 1 points by gawdoftruth (3698) from Santa Barbara, CA 12 years ago

republicans don't want a flat tax, that would really burn them.

[-] 1 points by sudoname (1001) from Berkeley, CA 12 years ago

Maybe I misunderstand you. A flat 20% tax across across the board would be less than 90%.

[-] 1 points by gawdoftruth (3698) from Santa Barbara, CA 12 years ago

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.