I destroy the Flat Tax concept in 2 minutes

What a crock of crap the Flat Tax...Fair Tax or Consumption Tax is! I destroy the concept of it in 2 minutes. How am I wrong?
I have also posted a followup video with a couple of the errors from this first video. My second video is here
http://youtube.com/watch?v=c0uElIUpSQU

Category:

News & Politics

Tags:

• flat
• fair
• consumption
• tax
• super
• rich
• destroy
• government
• republican
• voodoo
• economics
• 23
• 33
• huckabee
• obama
• hillary
• mccain

[toonzboss]

My God you are a dumbass! You need to run for federal office, you have the knack for opening your mouth before you have any knowledge! Get outta my sight numbnuts!!!

[H1TMANactual]

I stopped the video at :12 Idiot confuses the consumption tax (fair tax) with flat income tax.

[HomelessOnline]

I have watched the whole video and found your logic to be wracked with fallacy. It seems your gripe is that wealthy people have more money, and that they're allowed to invest it at a lower tax rate. A wealthy person living my lifestyle at the same cost is a "tax loophole"? Your snickers are awfully condescending, too, you ought to edit those out.

[HomelessOnline]

I fail to see your math offered in the first 80 seconds. Let's recap: I pay all $30K of income to support myself, including 23% income tax. You pay only $30K of your massive income to support yourself, including 23% income tax. Now how is it you have paid less taxes than I? 23% of $30K is the same no matter who earns or pays it. Bear in mind that I'm not concerned with equality of result, I'm concerned with equality of opportunity.

[UnitedPebbles]

Notice they are classified as rich by revenue, and market price...not by realization or net...I think.

But of course, if their enterprises are shot down, much of that could disappear over night.

[UnitedPebbles]

The liabilities (according to State Farm) for Bill Gates or Warren Buffett are much higher than your ordinary Joe and thus in the defense of spending money on defense of freedom, they should paid more but of course you wanted them to pay more in term of percentage. (which is just another way to look at thing)

[UnitedPebbles]

In the name of fairness....the average tax on an individual since "defense of freedom" is not free...would be a big burden to an ordinary citizen and thus rich guys paid the higher share first and the rest paid the margin cost? since he or she have more at stake, right? i.e. attacks by Russian mafias or Chinese pirates could be costlier?

100 billions USD a year/ 300 million citizens...means what 334 dollars a person? or 1334 USD for an average household with only 1 income earner?

[Mojavelandbaron]

You're getting the Fair Tax and the Flat Tax mixed up. One thing is sure: We cannot continue with the system we have now, which is oppressive, corrupt, and has no place in a country that claims to be "free". I'll support the Fair Tax if I have to, but I do prefer a flat tax on earnings of no more than 15 percent, with no loopholes.

[bootiack]

On it would kill the government lol. What about all the money the rich guy spends? Businesses spend to buy production materials?

[bootiack]

Paycheck slipped because governmetn hurts production and fair tax taxes consumption. Not everyone spends 100% of income you fucking fool. your video so flawed you are not evn18 year old intellect

[bootiack]

You are a fucking retard. No the flat tax does not demand that everyone spend everything they make. Where do you get that idea? Do you think it is god to pay income tax, emplyer pays payroll tax? hurting people from hiring and earning???

[bootiack]

Why don't you do same though experiment from government income side. :) Calcualte what activity get taxed any why. Thats right investment not taxed.