Bernie Sanders tax on the rich won't work

It's really not worth mentioning that Steve Forbes likes a flat tax. Of course Steve Forbes advocate for a flat tax, it would mean he pays less taxes. That is the definition of a conflict of interest. Eliminating the IRS is one of the most ridiculous policies that exists in the United States. If you eliminated the IRS, how would you know whether or not I paid my taxes? How would you punish me if I didn't? Who would I even pay my taxes to? Just not a well thought out plan at all. I do like your idea, however, that if the America people have more money it means a bigger economy. Do you know what that means? Tax cuts for the poor, tax increases for the rich. That's exactly what Bernie's plan is. It has to do with a concept called velocity of money, which is directly related to the marginal propensity to consume. A higher velocity of money is good for the economy, because it means that dollars are being used productively in the economy, and not sitting in some bank account. So say you were to give a rich person a hundred dollars. What would happen to it? 9 times out of 10, it will go directly into their bank account, not contributing at all to GDP or stimulating economic growth, and they will likely never spend it because they will never need to. This is what it means to have a low marginal propensity to consume, which is equivalent to having a high marginal propensity to save. However, give a low income family a hundred dollars. What will they do? Pay their bills, put food on their table, go spend it on their local market. This is what it means to have a high marginal propensity to consume, the same as having a low marginal propensity to save. This money is being used productively in society, as it is being circulated and reused. That's why it's better to have money in the hands of lower class and middle class Americans, rather than the upper class. However, a flat tax is just the opposite. It is a decrease of taxes on the rich, and an increase in taxes on the poor. Yes, the US tax code is quite long. It would probably be very convenient if we could shorten and simplify it. However, the natural conclusion is that it should be reformed, not completely abolished. Just because it has problems doesn't mean we should completely get rid of it, it means that we should go about fixing the holes in it. A policy which Bernie Sanders is in favor of, by the way. He constantly talks about closing loopholes in the tax code. You work hard at becoming a CEO, sure, but as far as actual difficulty of labor and hard work, it is nothing compared to a minimum wage worker. You try working sixteen hour shifts at an auto repair shop, or waiting tables for twelve hours a day. Or, as many minimum wage workers do, work two jobs a day. Maybe even three a week. Then talk to me about how a Wall Street executive who picks up the phone five times a day in his skyscraper and his shiny suit has to work so hard. However, I do understand that people worked hard to get to CEO positions, which is why I agree they should have a reward. It's called a higher salary. That is their built in reward. Now in addition to that, they get a secondary award of being able to not do much work, as you put it. There is no reason for them to have a tertiary reward from the US government in the form of tax breaks. They've already received an award for their hard work in 2 different ways. In fact, Bernie's plan is for a NOMINAL rate of 52 percent. After tax deductions in loop holes, someone in this bracket would pay something around 36%, which is very low on the international scale. It's like I said, most other countries are more socialist than the United States, which is something you don't seem to realize. There is no country they could go to with a 30% tax rate on the upper class which is comparable to the United States economically. It just doesn't exist, because they have all already caught on to the idea that taxing the rich is a good thing. I've already explained why factories wouldn't be able to just move away as you've tried to assert, so I'll just point you back towards my last argument and hopefully you will understand it this time.