Oh yea? This ran in the Austin American-Statesman. Ben Sargent somehow found time away from just bashing Perry to bash Cain and Perry at the same time.
The cartoon is factually correct.
If they are to raise equivalent revenue, the 999 tax idea and most of the flat tax ideas I’ve seen (there are so many I don’t want to mischaracterize them) lower taxes so much on high earners that it will have to be made up by increasing taxes on low and middle income people.
I don’t quite understand why this is so difficult for many to understand. If I lower taxes for any group, revenue will go down unless I raise them for some other group.
Theoretically you can make a case that eventually the lower taxes will create such an economic boom that revenue will go back up, but that doesn’t change the immediate fiscal implications.
Whatever you posted, it must have been taken down by the host.