Flat Tax

[5LiterMustang]

Originally posted by: tss4

I actually have read up on the flat tax. however, I have never really seen an adequate explenation for my question. For example, your explenation lacked any actual factual support(no offense). Your making the prediction that revenues will go up for a totally new tax system with no evidence to support it. Now I know that in the book, he gives his reasoning for why it will go up, BUT I found his evidence to be quite speculative. That's my problem with what your saying. And if you had some other source of evidence I would certainly like to look at it.

"again reading about the system would be nice..."

Seriously, you need to get off this "if you challenge an aspect of the flat tax, its because your an ignorant fool that hasn't read up on it" attitude. Just because I find some faults with his case and disagree with some of the details doesn't make me ignorant. If you don't want to explain your self or conduct a debate on this, then this might not be the best forum to post to. So lets relax and discuss some ideas so we can all learn.

I disagree its not speculative, all you have to do is look at places that have implmented a flat tax. Also look what tax cuts in the history of this country have done. When you analyze this, ALL of this data and compare it to the size and strength of the American economy the results are NOT nearly as good as they are in other countries but there would still be results. Furthermore the traditional static analysis is FLAWED anyone who has done readign on economics knows this and they also know that more people are turning away from static analysis when accounting for tax rate changes and other changes that effect the flow of money and the economic cycle. Forbes predicts a shortfall of only 120 billion, I do think that number is wayyy to optimistic and realisitcally we would expect shortfalls of 200 to 250 billion as i've already state.

Using your reasoning EVERYTHING is speculative and we shouldn't ever change a thing because we might not know what will happen. Instead we need to use our brains what we know about supply/demand/monetary supply/spending habbits etc to make educated decisions (you coudl call them guesses) as to what will happen when policy changes take place.