The only problem with your theory is that taxing the rich more will just make them leave and take their jobs with them.
This is already a major problem in why we've lost so many jobs and why so many companies have left the US. We already have the highest corporate tax in the world. Progressive tax would make it worse.
Flat tax is fair and I think most business owners would get behind it.
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Where are they gonna go? Would it be a bad thing if they left? Couldn't we have more start up businesses this way?
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Edited by OdinsDaDdy: 1/28/2016 1:34:46 PMThey go to places like China and Mexico. With the loss of jobs and the labor participation rate lower than ever you'd think that would be a boon for small business. But when your government regulates small business to death it becomes nearly impossible for them to make it. So you tell me. Why aren't small businesses thriving already?
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Because we don't shop there with the fear of spending an extra $10. We've done this to ourselves.