Jefferson would have loved this new era, Forbes said. All that said and done, it s no surprise that the president and CEO of one of the world s leading financial publications brought his message back to economics. Once again, Forbes touched a nerve with the students, most likely one rubbed raw by hearing about their parents economic woes, something discussed in families today as it rarely has been before. The more you earn, the more progressive your tax bracket is. Do better and we re going to punish you.
People feel like they re always behind the curve, always struggling to get ahead.
The only way to deal with the tax system is to scrap it, kill it, bury it, and drive a stake through its heart to make sure it never rises to terrorize the American taxpayer again, he finished, to the beat of deafening applause. Instead Forbes advocates a flat tax with a low rate, saying it solves the problem of high marginal tax rates by reducing penalties against working, saving, investing and entrepreneurship. Forbes predicted, We re going to see a flourishing of the culture. One of the virtues of a free society with free people is that we can take control. Choose an organization that pursues what you care about, where your interests are.