Even a flat tax is progressive. If I make 10 times as much money as you, I pay 10 times as much in tax.
…He clearly doesn’t understand what “progressive” and “regressive” taxation means. To break it down Barney-style, if you’re poor and make $1000/month, and I’m better off and make $10,000/month with a flat tax of 10%, then you end up with $900, and I end up with $9000. With $900 you might be able to get food and gas for a month. With $9000, I can pay a mortgage, save a bit, and get gas and groceries. This isn’t even taking into account that most of the obscenely wealthy take a tiny income and rather live off of investments, which are taxed differently and lower.
tl;dr: Whoever wrote this is clearly too stupid to be taken as a serious person.
I love my governor! I was really skeptical of him at first (being a billionaire and all)*, but he has really pleasantly surprised me. It looks like he’s starting the soft campaign for president with this, and all I can say is that I am sad that if he gets elected, the loss of Illinois’ best governor of my lifetime will be the entire country’s gain.
*I wanted to add that his wealth still bothers me, but he’s proven that he’s the exception that proves the rule that billionaires are bad. He’s really put his money to work for people and “can’t be bought.” With the amount of good he’s done, it makes one wonder why the others haven’t done anything similar.