The Need for a Flat Tax

Uncle Sam

America’s current income tax code is simply unfair.  From the cradle to the grave, the government has its hands in our pockets.  It’s a reality that our extant income tax code punishes wealth: As individuals move up the economic ladder, an increasing percentage of their income government entitles itself to receive.  Dr. Ben Carson recently lectured President Obama about how unfair the tax code is.  He highlighted that the bible explains that God requires everyone to give ten percent of his or her earnings to Him.  As Dr. Carson disclosed, God does not care how little or great one makes—He wants everyone to pay the same percentage of his or her income to Him.  For Dr. Carson, this is the same principle government should embrace.  He attacked the argument that a flat tax would not “punish” the wealthy enough by positing that “it’s not supposed to.”

Although it’s difficult for many to resist trying to take more of rich people’s money, especially for those who are barely making ends meet, there must be an understanding that this type of thinking deincentivizes people from striving to become wealthy.  In the 21st century, we shouldn’t let this type of class warfare continue.  Let people enjoy more of the money they’ve earned.  A poor man has never given someone a job.

When we’re fair to wealthy people, we enable them to create more jobs.  In the struggling Obama economy, Americans need an explosion of job creation.  Replacing the current income tax code with a flat tax would help to spur job creation, ameliorate consumer confidence, and boost personal finance.

If we have a flat tax in place, we will not have to worry so much about individuals finding tax loopholes.

Our tax code must be reformed to make America the most attractive nation to do business.  Individuals are seeking tax shelters and shipping jobs overseas because our tax code is robbing them of their wealth.  If someone is openly going to keep robbing you, you’re not going to sit there and continue to let him or her rob you.  Those aforementioned individuals are protecting themselves from this same victimization.

Do you believe the current income tax code is fair?  Why or why not?  What do you think about replacing the existing tax code with a flat tax?  What are your ideas about reforming the income tax code?

Antonio Maurice Daniels

University of Wisconsin-Madison

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