What are your arguments against THumP's tax plan?

[Anonymous No.8913141]

[From their website: http://humanityparty.com/ftp.html]

Simple mathematical algorithms can determine the tax rate:

(Allowing that, by law, the consumption-based tax rate cannot exceed 20%):

Gross Domestic Product (GDP) is the goods and services provided in a market. Whenever and for whatever one spends money, one adds to the GDP. Government Spending (GS) is what the government spends for social programs and its own operations.

The Tax Rate to be charged on the consumption of all goods and services outside of those required to support the basic necessities of life is determined by this simple equation:

(GS) ÷ (GDP) = TR (consumption tax rate).

Since there will be a cap of 20%, by law, there needs to be an equation to determine how much new money is required. The amount of new money (NM) needed to pay for government programs is determined by this simple equation:

NM = (GS) - (GDP x .20)*

*The new currency needed would be the difference between the actual tax rate required to pay for government spending (GS) and the set 20% tax allowable by law. The new currency would increase the Gross Domestic Product for the following year, thus lowering the amount of new money needed to support the people’s needs.

Here is a graph (as an example) of what will happen when the algorithms are applied to a consumption-based tax along with printing enough money* to cover government spending (all amounts are approximated to their nearest decimal)

[Anonymous No.8913213]

>>8913141
Buddy do you even Laffer curve
Tax cuts don't pay for themselves

[Anonymous No.8913429]

>expecting rich people to invest money instead of pocketing it
did niggas not learn anything after the first stimulus package? after those CEOs gave themselves raises?

[Anonymous No.8913556]

Yeah anyone with a brain can fake some econ math to make trickle down economics look attractive but its never worked before. If I were an employer, I would never allow more money than necessary to go to the working class. Its just a big meme.