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Hey, did you know that Ben Carson has finally released a tax plan? He has! (Though “plan” is perhaps a bit grandiose for nine bullet points.) There’s not really any reason you should care, but just for the record, here are the highlights:

  • No taxation of income up to $36,000 (150 percent of the poverty level)
  • A flat 14.9 percent tax on all ordinary income above that.
  • Also, business income will be taxed at 14.9 percent.
  • No taxation of interest, capital gains, dividends, or estates.
  • No deductions whatsoever, not even mortgage interest.

This is great! At a guess, your average zillionaire would have an effective tax rate of about 8 percent compared to about 20 percent today. Ka-ching!

And how much would this blow up the deficit? My horseback guess is that it would cost around $12 trillion over the next ten years. That’s even more harebrained than Donald Trump’s plan. You go, Ben! As for the Carson plan’s effect on the economy, here you go:

My flat tax plan will increase our current, anemic economic growth rate of 2.2 percent by more than half. I am confident this would generate an additional 1.6 percent of growth annually. As a result, our economy would be growing at an annual rate of almost 4 percent….This expanded growth translates into more than five million additional jobs over 10 years, with a nearly 11 percent increase in wages.

This promise springs forth fully grown, like Athena from Zeus’s forehead. Given that it’s literally just magic, I have no idea why Carson was so modest. Why not 6 percent growth and a 30 percent growth in wages? It’s all just meaningless squiggles on a page anyway.

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REAL QUICK, REAL URGENT

Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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