Slashing taxes for the rich won't help America, and Trump probably can't do that anyway

When conservatives hear the argument to get rid of income tax loopholes, they may be in favor of it in the form of “the tax code is too complex, just change to a simple flat tax like 10 or 15% for everybody”. But that’s dangerous because 15% of a poor person’s income is a sizable chunk which could leave them homeless and destitute, while for a wealthy person who doesn’t even really need income to live comfortably, it’s a negligible amount (relative to needs, although it’s a greater amount absolutely).

What’s really needed is not so much income tax changes, but wealth tax increases. But that’s something that the wealthy naturally won’t agree to.

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