You can't argue that the current system to fund the US Federal Government is nuts. Unyielding, Unmanageable Bureaucratic nightmare that has the efficiency of a blind dealer at a blackjack table in Las Vegas.
But 30%? Seriously?
Lets think this through. Yes we need a national sales tax. As Joe Biden often says in a creepy whispering voice "the rich need to pay their fair share".
But if you taxed Elon Musk 50% on his annual income it still wouldn't put a dent in the annual federal budget and then lets say you also taxed the next 1000 richest Americans also at 50% and still you would have less than .01% of the national budget.
Do you know who doesn't pay their fair share? Millions of everyday Americans.
Panhandlers
Drug Dealers
Laborers
Prostitutes
Skilled Contractors
Stripers
Thieves
Waiters and Waitress
Bartenders
Restaurant Owners
Car Dealers
Auto Repair Shops
Campgrounds
Illegal Immigrants
People who earn a little cash doing as a side jig
Uber Drivers
and Blind Blackjack Dealers
Our nation operaterates on a sub economic culture of people who are paid in cash.
Cash that they also spend.
The GOP needs to start with a 5% national sales tax and limit it to everything except food and Child and Medical care.
Then begin the phase out of the IRS with the goal of elimination of the personal income tax by 2035. That means ten years to retire or repurpose 2/3rds of the current 70,000 IRS employees and the 200,000 people employed in the tax return preparation business.
This will cut nearly $10 Billion from the annual federal budget and save Americans $32,000,000,000.00 in tax preparation fees.
6 comments:
15 percent—but eliminate the IRS day one.
All of this can be true and it would still be a fraction of what billionaires owe every year.
Yes… I was just wondering. Can we continue to hire and promote people solely on skin color and self perceived victimhood?
Seems to be working out well for us as a department so far.
I've long been intrigued by the Fairtax which this proposal is that includes a monthly prebate up to the poverty level for basic necessities like gas and groceries.
VAT would be a better deal, along with 5% sales tax. VAT gets rebated on export, which stimulates manufacturing for a strong currency nation...or at least one not dependent on depreciating their currency away. Anything to take away income tax long-term. Rich will always avoid taxes, they have the money to play the game. My guess is, at least 1/3 of the economy is shadowy, and untaxed. Tax consumption stimulates savings. Reward production and exports stimulates jobs.
If'n yo black din day got yo back, but if'n yo white din it ain't right!
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