Individual,
>?? Wouldn't a Flat Tax simply mean that the high earners make slightly less profit but still remain high earners ?
Assuming your definitions are consistent with what you wrote last night, NO. Compared with our current progressive taxes, a flat tax rate would mean high earners would pay less tax while low earners would pay more.

>And, the wage earners would have more purchasing power
Except for those on high wages, the wage earners would have LESS purchasing power because they'd be paying more tax. And that sudden loss of consumer purchasing power would be a big shock to business, particularly small business.

>which would only prevent the money lenders from making less than immoral profits ?
Are you saying they'd either make immoral profits or none at all?

>In my opinion if there were a Flat Tax there'd only be one winner, the Nation & no losers.
Then your opinion is silly, because the rich would be winners while the nation and the poor would be losers.

Belly,

Starting and running a business is extremely risky with most people failing. As most jobs in the country come from small to medium businesses, it is important to encourage them to invest and expand which a company tax does exactly the opposite. People that do extraordinarily well might be a source of envy, but they also pay huge amounts of tax and employ thousands of people. When these people get rich, the least well-off benefit as well.

The economics is clear, reducing company tax encourages investment, creates more jobs and thus more tax is paid and less welfare is required. The only question is whether the tax revenue lost is greater or less than the revenue gained.

The answer in many countries that have tried it is that it is revenue neutral at worst.

Shadow Minister every single wage earning worker is a small business, involved in the business of just living, IF we can gain just some of the unpaid taxes, every one can without doubt pay less, to consume people must earn, to profit small business must sell

a flat tax rate would mean high earners would pay less tax while low earners would pay more.
Aidan,
Come again ?? Why would high earners pay less tax than workers ? Say 20 cents in the Dollar for argument's sake. A worker earning $100 pays $20 tax whereas a high salary person earns $1000 & pays $200 Tax. Where does the higher earner pay less tax than the worker ?

Belly,

Sorry, a worker is not a small business. A small business has money invested by the owner who will lose it all and probably his home if he can't make it work.

Secondly, while the government (and every government before) has tried to plug the loopholes, the reality is that the money being lost to tax avoidance is wildly exaggerated by the Labor party and the possible additional tax gained from further restrictions is unlikely to pay for the additional paperwork let alone provide the rivers of gold that are promised.

individual,
Is this a deliberate attempt to misrepresent my position? Are you faking stupidity? Or is it genuine?

Look at the whole sentence rather than the second half of it:
: Compared with our current progressive taxes, a flat tax rate would mean high earners would pay less tax while low earners would pay more.

Do you understand yet? The comparison wasn't with each other!