Quote:
Originally Posted by GBBob
In principal, it sounds good, but we would self destruct as a country.
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If we continue to spend like drunken sailors, yeah, we're cooked, but we could definitely bring in enough revenue with a flat system for reasonable expenditure. We would need to finally rid ourselves of many unending and ineffectual government programs.
We have to also take into account that a simple system with no "bracket creep" would also stimulate the economy too, because everybody from laborers to entrepeneurs would be able to make profits without a "gotcha" of getting slammed in a new bracket.
If individuals or companies know they can make a buck they will not hold back on some of the hiring and expansion that creates new jobs.