Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Rand Paul's Love Letter To Billionaires
Posted
August 15, 2015
Views
79,317
Likes
1,859
Comments
604
Engagement
3.11%
August 15, 2015
79,317
1,859
604
3.11%
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7:11Now PlayingRand Paul is pushing his controversial new tax plan. He was recently interviewed by Fox News’s Chris Wallace, and even he couldn’t wrap his mind around it. John Iadarola (Think Tank) and Jimmy Dore (The Jimmy Dore Show Podcast), hosts of the The Young Turks, break it down. Tell us what you think in the comment section below.
"Paul has proposed what he calls a "flat and fair tax," which would put a flat 14.5 percent tax on all types of income. An analysis by the Tax Foundation found that under the plan, households earning more than $1 million per year would see their after-tax incomes rise by 13 percent. Households earning between $50,000 and $75,000 per year, meanwhile, would see their after-tax income rise only by 3 percent.
"Doesn't your plan massively increase income inequality?" Wallace asked.”*
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