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Old 08-18-2011, 05:21 PM   #1
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California College Student Gives Lesson in Taxes - Fox Business Video - FoxBusiness.com
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Old 08-18-2011, 10:15 PM   #2
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I thought his idea was brilliant.

Having said that, his assumption is that all wealth is earned.

I’ve got no problem with people who earned their shekels. I’ve got a big problem with organizations who stack the deck by having the laws changed to favor their ‘capital generation’. E.g. Enron, repackaged mortgage securities, medical insurance companies routinely denying coverage regardless of validity because a percentage will not pursue claims, chickenhawks advocating for war to benefit their contributors, etc.

The country and world would be better off if wealth was created as a result of value produced, instead of legal card tricks and financial slight of hand.

Much wealth is earned, much is not. I wish it all was.

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Old 08-18-2011, 10:26 PM   #3
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Added fuel to support a flat tax without any exemptions!

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Old 08-18-2011, 10:46 PM   #4
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Quote:
Originally Posted by dunerunner View Post
Added fuel to support a flat tax without any exemptions!
I’d buy that.

The argument against a flat tax is that it would hammer the lower income households, as if they’re not being hammered now. I'm a pragmatist, not an ideologue. Hell, we’ve got fifty states. We should at least try it in one of them to see how it shakes out. Anything is better than the crooked game that’s being played now.
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