A flat tax could work if it was high enough, didn't allow for any deductions, taxed all income such as capital gains the same as earned income.
That won’t happen, so the progressive tax system is all that's left. Besides raising revenues, progressive taxation is designed to prevent one group of people from eventually attaining all the wealth.
Over the past 30 years, according to IRS data, the richest 1 percent has tripled their share of
The tripling of income by the wealthy is the result of money-transferring financial strategies, government deregulation, and tax cuts -- not because they worked three times harder than everyone else.
With our current federal tax system, the wealth generated by the 95% who work for wages goes to the investing class. As they become richer most of the political power of the country goes to them as well.
Teddy Roosevelt warned us about it, “To maintain a functioning democracy within a republic you can't allow one small group of people to attain all the wealth and power. There would be no difference between that and a monarchy or aristocracy!”
Being 'fair' isn't the end game. The end game is maintaining a democratic republic with a thriving middle class of productive and engaged citizens.
In other words, money isn’t everything. An equitable distribution of our nation’s wealth would not mean the end of our Republic or make us Commies or Socialists.