Larry on flat tax

A lot of people have been sending around an email about a 28th ammendment–along with Warren Buffet’s great quote about the budget deficit: “I could end the deficit in 5 minutes,” he told CNBC. “You just pass a law that says that anytime there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for re-election.”

However, according to Larry (and verified by Snopes),  most of the information in the email is inaccurate.  In regard to the “tax the rich” discussion that’s also current, Larry sez:

“If you want a flat tax (by far the simplest, most equitable solution), you need to get 218 congressmen, 60 senators (enough to prevent filibuster), and 1 president to stop selling their votes to special interests.” Larry says he’s heavily short on this possibility.

As if to prove his point, he pointed out that two New York Senators, Kirsten Gillibrand and Charles Schumer, are sponsoring a bill that would make selling fake maple syrup a felony.

 

 

 

 

 

 

One thought on “Larry on flat tax

Leave a Reply

Your email address will not be published.