Discussion in 'Economy' started by SAT, Oct 25, 2011.
Taxes have rules:
1. The state must survive, and survival depends on revenue.
2. Taxing the rich brings in a lot more money than taxing the poor.
3. It's not possible to arrange taxes in way where everyone will say it's 'fair'.
4. For thousands of years governments have tried one tax system after another in hopes of getting the most revenue along with the most consent. This will most probably continue as long as humans exist.
My take is talk about flat tax, fair tax, and 9-9-9 is silly, while the key issue is how much and how fast we'll cut spending and tax rates.
Yes, if you're back packing, you're probably all about equally fit. That doesn't really sound like the rest of the world. KWIM?
That's no longer true.
However, I agree that all such talk is silly, albeit for a different reason.
I can guarantee you that nobody goes on the trek carrying nothing.
Which, the need to cut spending or cut taxes?
Well, of course. You're backpacking. As I said, that requires a level of strength and stamina that some folks in the general population are not going to have.
A federal income tax that is flat tax is a stupid idea.
If the rate is high enough to support our bloated government, it will be high enough to empoverish people who are now, thanks to the progressive rates they're paying, still self supporting.
If the rate is NOT high enough to support our bloated government, then it served no purpose.
Separate names with a comma.