tag:blogger.com,1999:blog-7438222975913037031.post4608878520887841932..comments2024-03-27T02:16:08.906-07:00Comments on The Naked Dollar: Will Obama Be Worth It?Scotthttp://www.blogger.com/profile/02142855830798306100noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7438222975913037031.post-12289359027899371082011-08-10T06:46:20.315-07:002011-08-10T06:46:20.315-07:00Bobbie-
I'd be ecstatic if either the Fair Ta...Bobbie-<br /><br />I'd be ecstatic if either the Fair Tax or a flat tax were implemented. Either would jump start the economy. If I could choose, I'd take the Fair Tax as it eliminates the IRS completely and creates maximum incentive to work. It would also be harder to corrupt later. Of course, the problem is implementation. Repealing the 16th amendment is no small matter, and its repeal is 100% necessary before instituting some kind of national sales tax. Can't leave two tax regimes in place for liberals to screw with later - that's Europe, in a nutshell.<br /><br />All this means that a flat tax is easier to implement (although also easier to corrupt later). Best way to accomplish implementation is to make it an option - i.e. you can opt in or, if you have precious deductions you want to hang on to, you could stick with our wretched current system. Idea here is that this would neuter potential opposition from all the special interests who don't want to lose the goodies they've carved out of the current code. Eventually, though, no one in their right minds would still be with the current system, and you could just scrap it. Might take five years.Scotthttps://www.blogger.com/profile/02142855830798306100noreply@blogger.comtag:blogger.com,1999:blog-7438222975913037031.post-30608913400170994402011-08-09T15:03:13.795-07:002011-08-09T15:03:13.795-07:00Scott ... Well said and we can only hope (and pray...Scott ... Well said and we can only hope (and pray) that your all Republican prediction is realized.... You mention "New Tax Code". Are you a Fair Tax proponent or some other variety of tax code revision. I personally believe the Fair Tax alone (with repeal of the 16th amendment) would almost immediately set us on a path to economic and job recovery with businesses flocking to our shores for a piece of the No Business Income Tax pie ..... Cous BobAnonymousnoreply@blogger.com