Donald Trump’s “policy positions” are just as vague and incoherent as the rest of the GOP field, and this video clip proves it. In a discussion with FOX’s Steve Doocy, Trump flip-flops on the idea of a flat tax within a minute of proposing the idea in the first place!
“You can have fair tax, you can have flat tax, you can take the existing plans that we have and simplify, and I always say that, ‘knock H&R block out,’ because people go and spend alotta money at these tax return services, and for what?” asks Trump, endorsing the principle of a flat tax. We’re going to simplify; that’s the easiest in terms of getting it done. Later on if we go to a flat tax, that’s something else.”
“If you were to going to do a flat tax, what would the magic number be?” asks the host.
“Well, the magic number is a very complicated number. I’ve seen them from 15% to 20%, nobody knows if it works. The one problem I have with the flat tax is that rich people are paying the same as people that are making very little money. And I think there should be a graduation of some kind. Because as you make a certain amount of money, I think you should have to graduate upward” replies Trump.
The idea of a “flat tax” is a darling of libertarian paranoiacs but is not taken seriously by professional economists. Literally within a minute, Trump suggests moving to a flat tax, then points out that nobody knows if a flat tax works, and that instead we should have some kind of progressive tax system…like the one we already have? These delusions of financial competence on the part of both Trump and FOX must be dispelled. The potential danger to our economy is made very clear in this clip.
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