This is a BAD idea. No, let me rephrase, this is a HORRIBLE idea. A progressive tax is generally what we have now, where the more you earn and have the higher the overall rate you're taxed at. A proportional tax is what Ron Paul suggests, where everyone is taxed the same percentage, giving immediately an unfair burden to the poor whose discretionary income is so much lower than that of the rich. Huckabee is proposing a REGRESSIVE tax. This is where the poor (who by necessity spend much more as a percentage of income than the rich) suffer the greatest percentage tax burden. While by necessity there are SOME regressive taxes (poll taxes, some property taxes) relying primarily on regressive taxation to fuel an economy is terrible for the government. Yes, it'll spur economic growth as everyone in higher economic brackets turn to investment over spending but it will kill people all the way down from there. If Huckabee rides this one any further than the next news day, and if the other candidates have any brains at all, they would be smart to point this out. At the very least, it's pretty darn un-Christian to steal from the poor and needy. Especially on Christmas.
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This is a BAD idea. No, let me rephrase, this is a HORRIBLE idea. A progressive tax is generally what we have now, where the more you earn and have the higher the overall rate you're taxed at. A proportional tax is what Ron Paul suggests, where everyone is taxed the same percentage, giving immediately an unfair burden to the poor whose discretionary income is so much lower than that of the rich. Huckabee is proposing a REGRESSIVE tax. This is where the poor (who by necessity spend much more as a percentage of income than the rich) suffer the greatest percentage tax burden. While by necessity there are SOME regressive taxes (poll taxes, some property taxes) relying primarily on regressive taxation to fuel an economy is terrible for the government. Yes, it'll spur economic growth as everyone in higher economic brackets turn to investment over spending but it will kill people all the way down from there. If Huckabee rides this one any further than the next news day, and if the other candidates have any brains at all, they would be smart to point this out. At the very least, it's pretty darn un-Christian to steal from the poor and needy. Especially on Christmas.