Theres been alot of talk about flat tax since I favor lower taxes for the 99% so did some research into real world results: Russia has a 13% flat tax. Ukraine has a 15% flat tax & as well as the countries listed below. Except for Russia that has oil/gas revenues from its gov-owned gas/oil companies that gives it 50% of its revenue, almost all of the countries below are really poor with severely lacking infrastructure except for industrial east Ukraine who gets subsidized gas from Russia gas/oil & Poland 19% that did stimulus & gets billions in subsides from the EU ever year. en.wikipedia.org/wiki/Flat_tax#Countries_that_had_a_flat_tax_in_the_past Can it really work? Results show that unless the gov gets revenue from other sources (oil/gas sales from gov-owned gas/oil companies) such as in Russia or MiddleEast or subsides from the EU as in Polands case, it doesnt seem to Then again, read the short PDF: Seven Deadly Frauds of Economic Policy moslereconomics/wp-content/powerpoints/7DIF.pdf by Bank CEO/economist & billionaire-bond trader Warren Mosler who explains bond & bank monetary operations from the insiders view of how things really work that dispels myths of economics believed by most -- from MoslerEconomics/ -Daily Insightful & Most Accurate Verifiable Economics Analysis --hes billions from being middle-class following his own MMT economics advice And to back up what he writes, verifiable empirical evidence shows NO relationship between interest rates, deficits, nor inflation(which includes food & energy) --from S&P, Bloomberg, CNBC, FoxBUsiness chief economist/analyst Mike Norman mikenormaneconomics.blogspot/2011/03/govt-spending-deficits-inflation-and.html
Posted on: Tue, 11 Mar 2014 04:53:04 +0000
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