| >> But this is exactly what I'm saying, the more taxes we pay, the more the government spends and create debt. I'm not sure there's a causal relationship there. >>The only way out of this vicious circle is _less_ spending, not more tax. We've been doing more taxes for 60 years and we have more debts than ever. Lower taxes all round is a fine idea. Letting some multinationals off from their tax bill is not a step in the right direction to achieving it. >> Ok, you're just not being honest right now just to win the argument. Or you're delusional. I'm being totally honest, the effective tax breaks given to multinationals via their various international financial games are a market distortion that disadvantages smaller players and breaks competition. >> I don't know in what world you live in, but here in France, the burden is already on the middle class. The rich are all domiciled outside of France where they pay much less (around 10 to 15%). A low flat tax around 10 to 15% would bring them back as they would have no interest in going abroad. Many countries have a flat tax That list isn't a particularly prestigious club... Many would say that they should stay abroad if they're not willing to pay to be part of the society we're creating in the west. As a counterpoint, most people seem to agree that some small percentage of earners pay over half of income tax in most western countries anyway (the threat of rich flight is always used as an excuse not to raise taxes further). Any flat tax that brought in the same amount of money as the present system would relieve this burden from them. Any flat tax that didn't bring in the same amount of money is pointless to argue about because we could reduce the overall tax take in any of a huge number of ways. Whether the absent rich would return in sufficient numbers to make any impact at all is really a matter of speculation. |