“Labor Share is decreasing so lets cut tax on capital to zero”.
That is it. Literally. When you parse out Paul Ryan’s ‘Path to Prosperity’ or the net effects of Rubio’s tax plan that is what Republicans are pushing as the solution to everything. And pretty much always has been since “Rising Tide”.
Forget the rhetoric and labels about “Flat Tax” and “Fair Tax” and focus on the mechanism and it ALWAYS reduces to “Cut tax on capital”.
Period. End of story. (Unless of course someone wants to treat this as an Open Thread. Because Comments are Open.)