Another point that many miss when ranting about taxing the rich is that numerous studies have shown that the fairest and best revenue generation is to remove all the loopholes and have a flat rate of tax for all. Surprisingly a low rate in the 20% range would generate more income and leave those on a lower income better off. Unfortunately the jealousy factor perpetuated by the talking heads invariably means that this proposal is met with horror as the shortsighted public fail to understand that the seriously wealthy do not pay as high a rate on their income as is imagined..

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