When 47% of America do not pay income tax, it's not healthy for USA. Lowering the Social Security tax increased the problems. The tax is more honest, shifting power from politicians to their citizens when it comes to making financial judgments. The flat tax is pro-growth, planting the seeds for needed rises in output and wages. The chief cause of our long stagnant wages in the U.S. is our anemic saving rate, and the chief cause of our low saving rate is today’s policy of taxing savings twice, once when a dollar is earned, and then again when it produces a return. The flat tax wipes out this perverse bias against saving; savings will rise, the nation’s pool of capital will grow, workers will be better equipped and trained, and output will expand, leading to bigger paychecks.
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