I fully agree with this, but it should be a flat percentage tax on everything. Everyone simply pays the same. This way incentive to build still remains. I actually despise corporate tax loopholes, or any loophole for that matter. Same goes for bailouts. That’s the epitome of greed, and a slap in the face to working lower-middle class citizens who generally pay wage income tax. There is no justification for opening a door for a citizen worth millions, and closing it for someone worth thousands.
Inaccurate. Capital punishment to anyone trying to commit robbery which is what 100% inheritance tax is. Everyone just pay the same percentage and it’s fair. No egg counting or microscopic analysis.
You might want to reconsider just this little part of your message... This is a common mistake... Corporate Taxes should actually be ZERO. They simply shouldn't exist. I can show it to you why it is a mistake, if you want it....
Libertarianism is the pipe dream of this college generation, much like communism was for the last 40 years
Feel free to, but I’ve heard many sides to it. Never convinced of the benefit compared to a flat tax. I see it as a detriment
Oh.. Don't get Me wrong... I'm not questioning your flat tax... I completely agree with it... You'll notice I made a remark specifically on your comment about "Corporate taxes loopholes"... Corporate taxes should be ZERO, Non-existent, NADA.... Here's why:
If you look at facts(I know you don't care much about them since you're a socialist), but nonetheless: It is crystal clear that commmunism is the today's ACTUAL pipe dream of this college generation... The biggest number of supporters for Clinton and SPECIALLY idiot Bernie Sanders were young people in general, including college students.
How about an inheritance tax compromise ? 0 % below $1million and 100 % above. This would force the billionaires back into reality. Paris Hilton, Elon Musk etc.
All this IHT stuff is just a camouflaged class-based attack on the capitalist society. Its not at all likely to lead to greatly increased tax take or improved public services or more free social mobility. Its just another anti fox hunting style recruitment poster for the left.
Would it be easier for a camel to go through the eye of a needle than a rich man go to heaven ? Spread it around rich people, like the Carnegies of old.