Reply #47: But they won't pay it;

[OrwellwasRight]

they'll run to the politicians, say how it is unfair for the govt to take 95% of their income (which it kind of is, I mean, 95% is ridiculous, someone might as well make $0 if you are going to do that). The government, liking their political contributions and somehwat buying their argument will add tax breaks, deductions, exemptions and shelters back in, and we'll be right where we started: with many rich folk paying no taxes. That's one rfeason even many wealthy folks oppose flat taxes: because they know they's end up paying more. Better to get more out of them the fair and square and transparent way, with no deductions for arrowheads or expanding fraternity houses--real deductions by the way. A full 10% of Bill Gates's income is better than 95% of nothing, which is what we get now.

Besides, as I said, flat taxes collectr from each accorindg to his increasing ability to pay more taxes.