dennisbmurphy
1 min readFeb 24, 2021

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The plan is arguably NOT equitable. It is just another step in transferring wealth (or enabling wealth) to accumulate to the top % of the economy.

The proof is already in front of us. Since Reagan in the early 1980s, the brackets get flatter and flatter (i.e. less progressive) and this correlates directly the widening income inequality and upward flow of wealth.

Flat taxes burden those lower on the income ladder by siphoning off more of their disposable income inhibiting savings. The wealthy already have what they want and save what they want.

The ONLY element of Busler plan is inclusion of capital gains as regular income. We should implement this now anyway.

Oddly Mr Busler in another post claims raising the rate on capital gains would lead to stagnation which is also arguably NOT true. The wealthy and money-gamblers of Wall St casino make large portions of their income from capital gains which is taxed at lower rate than a wage worker's income.

As usual, Mr Busler is presenting ideas as a tool of the wealthy plutocracy wiith zero links of evidence or proof that his ideas actually work. But I don't doubt they work- for the wealthy- because we have, as a society, been implementing them for 40 years and we can see the damage that results.

https://www.taxpolicycenter.org/briefing-book/how-do-taxes-affect-income-inequality#:~:text=The%20gap%20between%20the%20index,the%20more%20taxes%20equalize%20income.&text=Because%20high%2Dincome%20people%20pay,others%2C%20federal%20taxes%20reduce%20inequality.

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dennisbmurphy
dennisbmurphy

Written by dennisbmurphy

Cyclist, runner. Backpacking, kayaking. .Enjoy travel, love reading history. Congressional candidate in 2016. Anti-facist. Home chef. BMuEd. Quality Engineer

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