I guess so as I presume you’ve copied it from their website.
Good.
Our system is the result of leftist thinking which is essentially bigger and bigger government controlling more and more of people’s lives. The bigger the government, the less the freedom and self responsibility of the citizen. Thus a conservative government (I hesitate to classify the GOP as conservative) would encourage individuals being responsible for their own sustenance, not the government unless there are obvious reasons for welfare.
As a conservative, I support that view. I remind you what I’ve said in this forum previously, that our federal government is run by unabashed, radical communists. Our PM was so in his student days and still is.
I’ve been accused of posting off topic recently, but in answer to your specific noting of differences here’s a far more erudite explanation.
No one here has defined what poverty is. They propose a number but they don’t define the circumstance .
The same thing with being rich. What is the definition of that? It’s difficult to define. To the billionaire, the poor slob who skimps by on $500k is poor. It’s a relative concept.
If you can afford a 50-inch TV and an IPhone are you poor?
For most of human history the definition of poverty was simple: you were three meals away from starvation. Being rich meant you would never starve even if you tried. Everything else was on a sliding scale.
I’ve come up with my modern definition of being rich: a rich man owns his house and automobiles outright, and can afford to keep his family at their present condition of living in perpetuity, without working, and without fear of bankruptcy due to ill health or natural accident.
A modern definition.
But the poor man is still three sandwiches away from starvation.
It’s a pity that so much regulation is required to reign in the careless actions of most of the super-wealthy. I believe one should be allowed to acquire as much wealth as possible, while spreading it around, and, through high taxes, help pay for the infrastructure without which no wealth-gathering would be possible in todays world. Pay the workforce a decent wage. Nothing could be done without it. Simple.
Reset the personal exemption of each wager earner to $50,000 with automatic cola adjustments. (No tax on the first $50,000 required for basic necessities).
No tax exemptions or deductions for children. (People are free to have as many kids as they choose, but taxpayers do not subsidize them).
Tax capital gains at the same rate as wages. (Stop the games of shifting ordinary income into capital gains
Return to the much higher marginal tax rates on top earners that were in effect during the Republican Eisenhower Administration and the booming economy of the 1950s.
The billionaires would be paying about 90% on their top tax bracket earnings.
Simply taxing at a higher rate doesn’t necessarily increase the total tax rate. There is a point on the curve when tax takings are maximised, and above that it drops off because there’s disincentives to earn more income. Leftists never learn this simple truth.
Billionaires are mobile and can employ crafty tax accountants. Warren Buffet grizzled he was paying a lower rate of tax than his secretary.
Your modest tax proposal won’t work. Trump has a proposal for no income tax. Why not support that?