Bar stool economics

[Brian37]

First, you should post your source.

Second, I was mistaken. The economist didn't say that. It came from a friend of mine who I was talked with. I got the two conversations mixed together.

My friends point is that the super rich get access to deductions that ordinary people do not. This lowers their effective tax rate be lower than the ordinary people. Also, the rich and corporations get subsidies, tax deductions, and obtain off shore accounts that can lead to an effective tax rate of 0.

http://www.huffingtonpost.com/bill-quigl...89188.html
http://www.bankrate.com/finance/taxes/ta...ich-3.aspx
http://www.huffingtonpost.com/2013/04/29...79139.html
http://www.usatoday.com/story/money/busi...s/2480281/

Yes...some corporations and some rich people don't pay taxes....nevertheless the lion share of tax revenue the government collects comes from corporations and rich people. Subsidies and targeted tax breaks should be eliminated. The tax system should be simple and straight forward....earn this much money...pay this much tax.

Oh no, this is not the only thing that needs to be done. Citizens United needs to be overturned. Our government needs to get back to enforcing our anti monopoly laws. Our trade policies need to less lopsided. And our market needs to get back to being the demand of worker and not the competition casino Wall Street as become.

You think this small admission will throw us a bone? There is more to it than just his.