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No, I don't think he is at all. Linearly proportional taxes are regressive both because of the declining marginal utility of income, and the lower proportion of
by barrkel 10y ago
No, I don't think he is at all. Linearly proportional taxes are regressive both because of the declining marginal utility of income, and the lower proportion of income that's discretionary at the bottom end of the income distribution.
- paulddraper 10y agoI guess I don't know what regressive means anymore. It doesn't mean the poor pay more. It doesn't mean the poor pay more proportionally to income...
- frogpelt 10y agoA flat tax is called regressive because it drastically reduces discretionary income for the poor.
- paulddraper 10y agoBut isn't everything bigger to a small denominator? E.g. the poor recieve me government services relative to discretionary income?
- deleted 10y ago[deleted]
- mtgx 10y agoI understand your point, but it's not nearly as bad as an actual regressive tax. I would support a flat tax over the thousands of loophopes that exist now for rich and wealthy people any day. As the system works now they probably pay even less than what they would pay under a flat tax system.
- paulddraper 10y agoE.g. capital gains tax.