Second part - flat tax income is fundamentally bad idea. Even if you manage to create true flat tax, so everything you spend, down to licensing fees and municipal taxes always adds up to some X%, regardless of your income (a monumental undertaking, but lets say its possible), you still would have an issue with concentration of wealth and resulting corruption of power structures.

The only way to keep democratic society functioning as a true democracy is to prevent extreme concentration of wealth in too few hands. Yes, that means that society should strive to eliminate any and all ultra-rich.

Last edited by sinij; 08/29/12 03:47 PM.
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