The wealthy shouldn't be punished with a "wealth tax". But they shouldn't get tax breaks either. A few days back, Rob described "trickle down economics", which is a term Reagan came up with for tax breaks for the wealthy. The term was new to Reagan. The concept wasn't. And it has NEVER worked. Nothing trickles down. The rich get richer and create generational wealth, resulting in a bunch of spoiled nitwits like Paris Hilton or the Kennedys.
I don't see how a flat rate tax isn't fair to everyone. lets say 10% or whatever number they come up with. If you decide you want to be a cashier at Walgreens and make 25k, you pay $2500 in taxes. If you choose to go med school and become a doctor making $200k, you pay $20,000. If you start a business and make 2million a year, you pay $200k.
And everyone should pay the same flat rate tax. EVERYONE. No deductions, no loop holes.
If you don't want to pay that percentage, you have the choice to make less. You choose what you want to make and what you want to pay. Be a walgreens cashier or a dishwasher. "the world needs ditchdiggers too" ---Judge Smeals from Caddyshack.