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Cake day: July 9th, 2023

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  • The issue with a flat tax system, though, is that the value behind each dollar is different for different classes of people.

    $20 is chump change for a billionaire. $20 for a middle class person might be some nice takeout for an evening. $20 could mean whether or not a working poor person can eat that day, or if they have to save what money they have for rent or electricity.

    A flat tax system isn’t actually “flat”, not in practice. It’d be more accurate to describe it as “regressive”.