If we can't do a flat tax or a Fair Tax, I hereby demand a regressive income tax.
The richer you are, the less your tax rates.
Consider: this will motivate people to get wealthier, which will allow them to pay less in taxes and keep more of their money. As they get wealthier, they'll invest more, hire more and spur the economy.
This also ensures everyone has skin in the game.
I'm not joking. I demand a regressive income tax. It couldn't possibly be worse than the insane Democrat policies that the President's own deficit commission has called a "cancer" that will "destroy our country from within."
I second the call for regressive taxes!
ReplyDeleteWe have a quorum!