When it comes to taxes, Ben Carson put forth yet another insane idea in the debate. Get rid of all deductions, because that will totally help people who already have trouble affording pretty much anything. Carson thinks this is what will make a flat tax of, say, 10 percent or 15 percent, possible without blowing a bigger hole in our budget than we’ve already got.
Carson believes that, since Americans owned homes before we introduced the federal income tax, and definitely before we introduced deductions (like the home mortgage deduction), there’s historical evidence proving we don’t need tax deductions, or tax brackets for that matter:
There are a lot of people who say, if you get rid of the deductions, you ruin the American Dream because, you know, home mortgage deduction. But the fact of the matter is, people had homes before 1913 when we introduced the federal income tax, and later after that started deductions. And they say there’ll be no more charitable giving. We had churches before that, and charitable organizations before that. The fact of the matter is, I believe if you put more money in people’s pockets, that they will be more generous rather than less generous.
This is his justification for a flat tax rate. Billionaires should not pay a higher tax rate than the average American because people could own homes in 1913. What he hasn’t thought about is that removing deductions means people pay more in taxes, which means less money in their pockets, even with his flat-tax idea. Good luck with this, Dr. Carson. You’re going to need it.
Featured image by Gage Skidmore.