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While a flat tax might seem fair, I would imagine that if Cain's 9% flat income tax were implemented, a person that makes $20,000 a year would miss the $1,800 that is taxed much more than someone making $2,000,000 a year would miss the $180,000.
When you couple that with a 9% federal sales tax, I imagine that it would hit the lower class pretty hard.
I suppose it all comes down to ideology, but in the past few years I've thought that if as a simple matter of reality, "the top 10% [possess] 80% of all financial assets [and] the bottom 90% [hold] only 20% of all financial wealth" in the United States, then if the federal tax system treats everyone equally, then as a matter of reality it's actually benefiting the top 10% that possess 80% of the wealth in the country. Thus, I don't really find it to be "unfair" to increase their tax burden. Even under a flat income tax, they're already taxed more than those less wealthy, is it truly less fair to tax them proportionally more of their income because their income is exponentially more than the lower classes? They're still obscenely rich.
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