I feel like the idea of a flat tax has gotten less popular as income inequality has increased.
Taking 25% of the highest income level leaves them with enough left over to buy a couple thousand houses. Taking 25% from the lowest doesn’t leave them enough to pay both electric and water.
Why do Republicans love the flat tax? Because the result would be a huge tax cut for the wealthy and a huge tax increase for the poor. The Republican wet dream.
“The paradoxical truth is that the tax rates are too high today and tax revenues are too low and the soundest way to raise revenues in the long run is to cut rates now.” John F. Kennedy
Steve Forbes’ flat tax was an interesting idea— “Give me and my friends a huge tax cut, while you and your friends take an enormous tax hike.” It makes you wonder why more of the masses didn’t rally to that banner.
If being Conservative in my senior years means being more cautious, if it means being more pragmatic, if it means being that I view politics and governments with a jaundiced eye, … then, by all means, I am a Conservative. If, however, it means subscribing to the absolute falsehoods and insanities purported by Faux Noise, NewsMax, Qanon etc., believing the election was stolen, being a Trumpist, embracing a culture of white privilege, prejudice, and intolerance, … then by God, consider me as youthful Liberal!
Flat tax and zero tax law loopholes for those that have income or unearned income over $400k. Flat tax means nothing when wealthy and corporations claim zero income.
I remember when Forbes ran on the idea that a successful businessman with no experience in politics was bound to be more successful than a politician, in the role of president. Forbes didn’t win, and now we know why he was wrong.
BE THIS GUY over 3 years ago
If You Are Not a Liberal When You Are Young, You Have No Heart, and If You Are Not a Conservative When Old, You Have No Brain
If you support Steve Forbes at any age, you have neither.
Renatus Profuturus Frigeridus Premium Member over 3 years ago
Flat tax = failure of the Nations.
boniface22 over 3 years ago
Am I the only one who had to Google Steve Forbes to find out who or what he is?
monkeysky over 3 years ago
I feel like the idea of a flat tax has gotten less popular as income inequality has increased.
Taking 25% of the highest income level leaves them with enough left over to buy a couple thousand houses. Taking 25% from the lowest doesn’t leave them enough to pay both electric and water.
GreggW Premium Member over 3 years ago
My regard for J.J. just went up a few notches.
NeedaChuckle Premium Member over 3 years ago
He electric personality is what did him in. His fuse was constantly blown.
WaitingMan over 3 years ago
Why do Republicans love the flat tax? Because the result would be a huge tax cut for the wealthy and a huge tax increase for the poor. The Republican wet dream.
dwdl21 over 3 years ago
Forgot about this guy…lol
carlzr over 3 years ago
Cyber-citizens? Could J.J. discover Forbes on her new computer and decide to support him?
vaughnrl2003 Premium Member over 3 years ago
“Steve Forbes”? Who dat?
LIBERTY1 over 3 years ago
“The paradoxical truth is that the tax rates are too high today and tax revenues are too low and the soundest way to raise revenues in the long run is to cut rates now.” John F. Kennedy
alexius23 over 3 years ago
Might be too obtuse for 2021
GaryCooper over 3 years ago
Steve Forbes’ flat tax was an interesting idea— “Give me and my friends a huge tax cut, while you and your friends take an enormous tax hike.” It makes you wonder why more of the masses didn’t rally to that banner.
Linguist over 3 years ago
If being Conservative in my senior years means being more cautious, if it means being more pragmatic, if it means being that I view politics and governments with a jaundiced eye, … then, by all means, I am a Conservative. If, however, it means subscribing to the absolute falsehoods and insanities purported by Faux Noise, NewsMax, Qanon etc., believing the election was stolen, being a Trumpist, embracing a culture of white privilege, prejudice, and intolerance, … then by God, consider me as youthful Liberal!
Teto85 Premium Member over 3 years ago
Bring back the tax rates of that great conservative President, Dwight Eisenhower.
ndblackirish97 over 3 years ago
Flat tax and zero tax law loopholes for those that have income or unearned income over $400k. Flat tax means nothing when wealthy and corporations claim zero income.
TimothyP23 over 3 years ago
This is actually a very important story arc, one I remember from back in the 90s. Stay tuned.
Andylit Premium Member over 3 years ago
I never understood how Malcolm Forbes could have produced such a dud child.
Eric S over 3 years ago
Who???
willie_mctell over 3 years ago
The main appeal of the flat tax is its simplicity. The main disadvantage of the flat tax is its simplicity.
salunga over 3 years ago
I remember when Forbes ran on the idea that a successful businessman with no experience in politics was bound to be more successful than a politician, in the role of president. Forbes didn’t win, and now we know why he was wrong.
MatthewJB over 3 years ago
We are approaching that magical moment when Mike meets Kim.
rugeirn over 3 years ago
People have been born, grown up and become parents since this came out who have no idea who Steve Forbes is.