Sunday, August 23, 2015

Rand Paul: Income Inequality Comes From 'Some People Working Harder' Than Others

Ah, the infamous Flat Tax is resurrected once again, to bad it is not as simple as Paul like to think it is.
Asked if his flat tax plan would further separate the haves from the have-nots, GOP presidential hopeful Sen. Rand Paul (Ky.) said Sunday that income inequality is the result of some Americans working harder than others, rather than economic policies.

"The thing is, income inequality is due to some people working harder and selling more things," Paul told host Chris Wallace on "Fox News Sunday." "If people voluntarily buy more of your stuff, you'll have more money."

Paul has proposed what he calls a "flat and fair tax," which would put a flat 14.5 percent tax on all types of income. An analysis by the Tax Foundation found that under the plan, households earning more than $1 million per year would see their after-tax incomes rise by 13 percent. Households earning between $50,000 and $75,000 per year, meanwhile, would see their after-tax income rise only by 3 percent.
Rand Paul: Income Inequality Comes From 'Some People Working Harder' Than Others

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