The Magic Of The Flat Tax
Yesterday, Richard Shelby, a U.S. Senator from Alabama, introduced S. 173, “A bill to repeal the current Internal Revenue Code and replace it with a flat tax, thereby guaranteeing economic growth and fairness for all Americans”.
Does Senator Shelby truly believe that a flat tax – meaning that low paid workers have to contribute the same portion of their salary as millionaires and billionaires, will guarantee economic growth and fairness for all Americans?
What else does Senator Shelby believe… that a flat tax will ensure spotless driving records, prevent paper cuts, rid the world of all infectious diseases, and make every American one inch taller?
Who knew the flat tax had such magical powers?