A FAIR TAX SYSTEM

[rabid1st]

Okay, here is a completely fair tax idea. The government needs a certain amount of money to operate needed services. They purpose a budget for that.*

Whatever the purposed budget is we tax to cover it allowing a little raise for inflation and deadbeats (since we would really be taxing for NEXT year to have money to cover things). And what you pay in taxes would be a percent of that budget...linked directly to the percentage of the wealth of the country that you possess. If you own 5% of the country's wealth then you pay 5% of the tax burden. That is not 5% of your income, but 5% of the full burden of taxation. Overall you would be paying a far greater percentage of the tax burden than poor people. But the easy way to lower your tax burden, would be to employ more workers, passing your money to them so it becomes THEIR problem. It would actively discourage hoarding wealth, which would allow the money in the country to circulate through a number of hands. That's what makes the economy work, btw.

Rae


*This is where we would still get some partisan bickering because various people have different views about what "needed services" are. But our elected officials need to do something. For argument's sake let's say we need defense, education, roads for commerce, social security, health care and government workers to be paid in various services to all of us...police, fireman, teachers, librarians, social service workers, people to enforce safety regulations, etc.

Comments

[myemmie.livejournal.com]

That, my dear, is a simple plan, proposed logically...which means it is doomed to fail. Alas. Mind if I reblog anyway?

[auntiesuze.livejournal.com]

Great idea. They'll never go for it. ;P

Someone else on my f-list proposed a similar idea. It definitely seems the way to go, but I can't see getting the politicians to agree to it. Too many of them are in those upper brackets!

[wickedgillie.livejournal.com]

Rae, have you looked at Ron Paul at all? Unsure how much you'd hear about him since the media is working hard to black him out.

Totally unrelated: any chance I could get a reading on this?
http://wickedgillie.livejournal.com/295539.html

[rabid1st.livejournal.com]

Actually, I am thinking of voting for Ron Paul. My only real concern with him is that he believes the free market will correct itself, I'm not sure that it will. And, also, he wants to end social security and I know too many people who would be homeless without that little stipend, myself included.

My worry is that a Republican congress can pretty much ignore whomever is President and pass whatever legislation they like. The President, can, of course, veto it, but it is possible they would pass ending social security and all regulation and then just not bother giving Ron Paul any of his other demands in legislative form.

I do think more people should listen to Ron Paul though, because, for the most part, he tells it to people straight about how corrupt our system is and how it favors war.

[wickedgillie.livejournal.com]

Ron Paul doesn't advocate getting rid of SS for people who have it now. Rather, he wants to let people 25 and younger opt out of the system if they so desire. He also feels that his other cuts (most especially getting out of the 100+ countries where are troops are currently based) will go a LONG way toward keeping SS solvent now.

For research, I suggest taking a look at an economist named Peter Schiff (hope I spelled that correctly) and the idea of Austrian economics.

My husband has been on the Dr. Paul train since 2007. I originally thought my husband was nuts, although a lot of what Dr Paul had to say back then made sense. I voted Obama, and prayed that with the swell of the people behind him, things would finally change. I think we were all in for a rude awakening when things went from bad to worse. I think I will actually be changing my party registration to vote for Dr. Paul in the primary. He's the only one out there making any kind of sense, and he's not saying it to be popular. He's been saying the same things for decades, but like Cassandra, nobody listened to him.

[horosha.livejournal.com]

Allowing people to opt out of SS will reduce its solvency and eventually cause the system to collapse. One of the basic requirements of keeping it cost-effective is that everyone participates.

I think most of Ron Paul's policies are mad, but I admire him for being consistent about them, and being willing to openly criticize the establishment. Those're pretty rare traits for a politician.