I don’t know the solution. But a flat tax on income is very beneficial to the rich… Example: Elon Musk who receives no paycheck from Tesla. So his income tax is zero on earned income. He has smartly arranged for all his compensation to be from the valuation of his shares in Tesla. As long as he does not sell his shares, he pays no income tax.
I prefer the European method which relies heavily on the VAT (value added tax). The advantage of this tax is that it taxes everyone including all the “cash” businesses that do not report their cash income by taxing spending and not income.
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