Date registered: Sep 2004
Mentioned: 0 Post(s)
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RE: What about a flat tax rate? Say 14%?
1- Isn't corporate tax the same as a sales tax?
Given that corporate interests shape public opinion with media hype, and advertising and then go on to run government there will always be loop holes. Not taxing business would more transfer wealth to stockholders than lower price to consumers IMO
2 - Controlling govt. spending is more an issue that creating the income of the govt. Not so much the pork, but just the way it's always retail + plenty for what reasonable people shop around for the best value. We do that because we don't have an unending credit card like the govt. has by constantly just selling bonds to foreign countries.
3- Clinton got the benefit of Reagan's tax cuts without the offsetting pain of lowered govt. spending - allowed a balanced budget, but it worked so good it created a bubble. Poor ole Bushie just gets stuck with the downside of that, and by financing the pain instead of biting the bullet on spending is creating another bubble of credit and debt. Not going to the public and asking for sacrifice as we've always done in a war or emergency is just selling the ownership of America too others.
Tax - hell it would be to much to even think about. The free market will/has been/is just moving our base to where it's more profitable (outsourcing) and giving us the credit we need to hang ourselves until we're not necessary, or good consumers. The only way is to stop spending. The bartender has to quit pouring the booze.