To anyone that cares....and everyone should! A new idea being floated, by the egg head economists is a national sales tax. Hoorah! Sounds feasible, huh? A 30% tax on all sales and we will be forever free of the IRS tax codes. But say you have your eye on that new car. Typical mid size no frill vehicle of $20,000, just became $26,000. That seems fair, right? This is just one example of the lunacy a national sales tax would impose. Another aspect, that many do not seem to think of, is the demise of the incentive to create small businesses. One of the biggest reasons people go into business for themselves? Freedom to get beyond a burdensome tax code that works against you. With a national sales tax, this incentive disappears and without the incentive to create small businesses, where do we as a nation go? It has been demonstrated amply, that big business will not create the jobs of the future. No, a national sales tax would be a disaster for all of us. What do we need? Corporate tax reform! But the crooks in DC, do not have the chutzpah, (balls) to tackle this issue. We working class types, need to give them the courage to fight the special interest folks, that have created the loop holes by which corporate America skates past paying its fair share! How about debating this with me, or enlarging the scope of that which needs to be done? For instance, closing the loophole that gives corporate America, the incentive to outsource. That would be a nice start. Let us create a list of loopholes that need to be closed, then send this list to our heroes on capitol hill and let them squirm out of it!
Friday, December 03, 2004
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