Some politicians have considered the introduction of a flat income tax rate. That it, everybody pays a constant percent of their income. Why is this tax plan advantageous? Why will this plan likely never become implemented in the United States?

ure.com/courses/127196/quizzes/247830/take Mi Up D Question 3 15 pts Some economists have proposed a simple rule for the Fed to follow- keep M times v constant. In other words, some suggest the Fed should just adjust M as necessary when v changes. Thus, real GDP will be stable. Why might this plan not work out? Explain. Edit View Insert Format Tools Table 12pt Paragraph B I U A & TV