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The President has worked to lower the income tax rates. Good. The Dimwit Democrats are proposing to raise the income tax rates if they get elected Bad.
I’m proposing a compromise that would benefit all, instill a strong work ethic among the Millennial snowflake burger flippers and ease the burden on the real driving engines in the economy.
I’m proposing a 180 degree flip in the progressive tax rates where the highest earners pay the least and the rates go up as the salaries go down.
How’s that gonna work?
The Billionaires and Millionaires will pay way less, thus they’ll have more disposable income to buy shit the workers at the highest rates work to produce. And the 36% rate for those earning from $60,000 down to $0 will incentivize them to work harder, get second jobs and apply all their efforts to earn over $60,000. And, although it will cause the $20,000 per year earners to fudge their taxes, the added bonus will be to reduce tax fraud among the high end earners.
Eat yer loser hearts out Pocahontas & Bern!
I knew Boggie was a pretty smart guy, but I might have underestimated him. This is downright genius………….
AH, Tam! 🙂
A “regressive” income tax works for me. Since the lowest income earners consume the lion’s share of services provided by government, it’s only fair that they bear the highest percentage of the cost.
This is pure genius. Our friend Bogside just proposed something the Chicago
School had never even considered! A regressive tax that hits societies leeches
the hardest. The argument has always been between the supply-siders and the
Keynesians (socialists.) If we are going to do this, we should go all out and make
the tax progressive (something the left loves.) We need at least 5 tax brackets
to make it “fair.” The less one produces, the more one pays.
Marx was as economically illiterate as Alexandria Empty Cortex. The real producers
are those who put their wealth at risk to produce jobs, not the opposite. Freedman
would be impressed with this idea! There is an added benefit to society when you
consider the working poor. The man-bun wearing soy boys at Starbucks and the
tattooed chicks with the piercings and green hair at Whole Foods would be provided
with a perverse incentive: Earn more money, pay a lower tax rate. It is a win-win
situation. With five quintiles, a move from a lower one to a higher one would benefit
the blue-collar tradesmen and the professional classes like engineers, chemists,
etc. because they are an important element for economic growth.
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