Quote:
Originally Posted by ForceoftheTruth
Okay, love it or hate it, here is a positively final fiscal plan. I put it in list form for the sake of simplicity:
1. Freeze the monetary base and the minimum wage.
2. Immediately privatize all welfare programs, including Social Security, by giving them to non-profit organizations and subsidize them only through tax deductions for purely voluntary donations.
3. Tax all personal income, regardless of family status, at a flat rate of 15% of the amount over $11,000.
4. Eliminate all tariffs and subsidies.
5. Eliminate corporate, capital gains, dividend and inheritance taxes.
6. Use surpluses solely to pay off the national debt until it no longer exists, then give the surpluses back to the taxpayers in the form of rebates.
(By the way, to celebrate, I am going to change my avatar into something that looks a bit more decisive.)
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I respond to your scenario as thus.
No 1. It would never work because cost of living goes up year after year
No 2. Privatization of wellfare programs by any means is absurd. Only through a healthy moderate tax system could welfare remain solvent
No 3. Such a tax system increases taxes on the middle class to an unbearable amount
No 4. All imports should be taxed because if you want to sell here you have to pay your fair share of taxes. subsidies should be eliminated because of high economic cost
No 5. Corporations who wish to do business have a tax responsiblity to its country of origin and operation. To shift tax burden solely on the private citizen is absurd. Capital gains taxes should remain in effect because it is an income so therefore subject to income tax. Dividends are income subject to taxation. Inheritence tax should be eliminated because it is just the right thing to do.
No 6. use surplus to pay off national debt and what is left over should be retained for emergencies such as wars to right injustice and national disasters however victims of acts of god should not get government assistance when all logic states that people should not live where hurricanes, floods, and volcanic eruptions are common.
04-25-2008, 04:56 PM
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