Monday, January 19, 2015

Something to think about while you listen to the POTUS State of the Union Speech


What to do about taxes?

Tomorrow night, the nation will hear another speech by the President advocating for more redistribution of wealth.  He will cloak this in the name of taxing those that can pay and giving the middle class a "raise".  This will undoubtedly be a attractive to the populist vote (progressive) while being a nonstarter for conservatives.  It will be more division and class warfare.  Exactly what the President wants to put on the table for the 2016 Election cycle.

Being a student of Federal Taxes for over 30 years, it is become relatively obvious to many that the tax codes are and have been used for more that 50 years to manipulate public policy without much notice of the voting public.  Tax something and the money will flow "from and to...." what the politicians wish.  This is deceitful and simply wrong.

The most courageous thing the Congress can do is take the Tax Code and make it politically neutral and off limits to politicians and lobbyist.  How, you might say? 

Throw out the complete tax code and replace it with a simple tax.  There have been many proposed and none adopted.  Why? Because it takes away a useful tool from the political class, that's why.

It is widely known that having a tax system (tiered of otherwise) where everyone pays some tax will create more revenue that the progressive 16,000 page tax system we have today.  It takes away the divisiveness that is tearing the country apart (one the politicians actually benefit from).  Equally, it allows the government to get rid of the IRS and its draconian behaviors.  This alone will save billions of dollars for the government and likely more for the private sector.

So, as you listen to the State of the Union speech and the GOP Nembutal, keep the above in mind.  Ask yourself the question "Will this really solve the problem and bring the country together at the same time?"

The time is now, not later.  We cannot afford to wait.

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