Standing against big government and for the people!
I am pleased so many of you have expressed your opinions about the four Principles Based Taxes papers I posted. Your comments have been both of concern and of great interest to me. I may have raised the blood pressure of many of you. For this I am concerned as I wish no one harm. I am certainly not upset by your (mostly negative) comments, since anything as emotional as “taxes” is bound to evoke strong feelings. Unfortunately, I do not have time to respond to…Continue
Posted on February 8, 2013 at 7:05pm — 2 Comments
Summary: The nation’s financial situation requires control of spending and improved tax systems. Many income tax systems, e.g., flat taxes and others, have been proposed. The present progressive income tax would be hard to replace, but it needs to be re-engineered starting from a set of principles. A re-engineered income tax system can expedite solutions to today’s fiscal problems, reduce future problems, and help unite a divided citizenry by being a…Continue
Posted on February 8, 2013 at 1:00pm — 18 Comments
Summary: A progressive wealth tax applied to the top one percent wealthiest citizens is proposed that is superior to the “Fiscal Cliff” rate increase for high earners. A wealth tax decreases the rich-poor gap, is less burdensome on job creating small businesses, is a fair and simple way to raise deficit reduction revenues, and is in the nation’s long-term best interest.
Political rhetoric about creating…Continue
Posted on February 7, 2013 at 1:00pm — 68 Comments
Summary: Two new taxes are proposed to replace present business taxes. A small flat tax assures businesses pay for general benefits they receive from publically financed functions. A value added tax (VAT) that is zero or small for value added within the U.S. and higher for value added offshore will drive investments and jobs to the U.S. and keep U.S. businesses globally competitive.
Taxes and other costs, i.e., regulations, entitlement mandates,…Continue
Posted on February 6, 2013 at 1:00pm — 25 Comments