Flat Tax

Capitalism is a great economic system if implemented in the right way. For example, taxing people in an efficient, transparent, and certain way will help bring out economic growth in a country. The Progressive Tax is the best way to do this. http://www.investopedia.com... The Progressive Tax is the right tax system because of several reasons: - Regulates the economy -In a Capitalist society, people who control greater amounts of capital in a society have greater control over governmental policy often helping those "contributing" to help themselves further at the expense of others. Over time, this is inevitable due to economic and political facets, but can be reduced by the Progressive tax. In an unregulated nation, society will be eventually composed into a two-tier economic ladder; at the top the few form the wealthy aristocratic class, and at the bottom is the large working class. The Progressive tax would reduce the amount of wealth at the top helping everybody else and reduce economic inequality. - Higher Tax Revenues - Less Government Deficits, etc. -Although it is sort of a nasty truth, yes the Progressive tax would lower government debts, putting a lower tax burden on the less fortunate as well as reducing interest payments on our debt reducing the additional cost to our economy. - Progressive Tax effect on society -The taxes collected (more revenue will exist) to pay for infrastructure, our educational system and resources, legal system, national defense, and economic opportunities that allow many people become very rich in the first place. Also, social programs and safety nets such as unemployment insurance raises the overall standard of living in a national allowing for more productive employees in the workplace, a larger amount of active consumers, more entrepreneurship in an economy, all of the government programs we rely on, and creates a more dynamic economy overall. With more revenues a government could help society more. - The Wealthy give back to help the Future Wealthy and Society -The wealthy may have created a company that made them rich. Good for them. However, society helped them. Society paid for the cops to prevent mobs from taking control of that business. Society paid for the education to make productive employees, etc. If we had a flat tax, the government could not help society in much of a way. You could not be so sure that people had as much of an economic opportunity to climb the economic ladder as they were able to. - Progressive Tax on income inequality -The Progressive tax reduces income inequality, as shown by taxation across different nations. For example, the income inequality in Australia (has a more progressive taxation rate than the U.S.) is lower than it is in the U.S. Lower income inequality is important for a nation to achieve but not to excess. It is proven that lower income inequality has numerous societal benefits such as lower homicide rate, less crime, etc. Lastly, the Progressive tax puts an equal tax burden on society so no major economic group has to pay for all of the taxes. A flat tax is actually regressive because the poor spend all of their money anyways and would be given a heavier tax burden, while the rich would get a tax cut. http://www.stubbornmule.net... http://www.americanprogress.org... http://debates.juggle.com... http://en.wikipedia.org... "What You Should Know About Politics... Bud Don't" by Jessamyn Conrad