ToxicAdam said:
Debating a flat tax is probably the biggest time waster of all-time. Both parties LOVE using the tax code to exert their influence on society at-large. No politician is going to willingly cede that power.
Im so sick of hearing of the implausibility of big change. I think we need a electric shot to bold the system. Something new and drastic that could ignite entrepreneurs and consumers.
And to respond to "fairness" of the flat tax, I don't want to get into fairness of an issue, because its subjective and diverts what the conversation should be about. I advocate a simple tax system with two or three brackets with no loopholes or exceptions for simplicity, combined with a small national sales tax. Massive Government bureaucracies which create entire legal and political systems to maintain the bureaucracy are a complete waste of resources, that are diverted from areas that could give us better returns. Is it the most fair system? I don't know. But I do know we could get rid of most of the IRS (except a small percentage who enforce payment and cheats along with local police). All of these accountants, tax lawyers, estate managers, IRS and government agents, etc could be put into careers that actually produce a product or give us a service that benefit people, not maintaining a large complex bureaucracy. Maybe I'm a dreamer.
And to the other comment about me attacking teachers, nothing could be further from the truth. Instead of paying them 30-60k a year, I'm saying we pay them 60-100k a year, but get rid of these ridiculous "time out" rooms they have it New York that costs millions a year, get rid of tenure, make it like any other job where your performance matters, and you have to find a way to produce measurable results. And not some teachers union that threatens to strike if bad teachers need to be fired. My opinion is really skewed from that documentary "Waiting for Superman", maybe its BS I don't know, but I think we all can agree the current system doesn't work.
Also take the extra money from the cut in defense, wars, prisons and policing drugs into medicare and rehab/ drug awareness programs. Not to mention all of the additional tax revenue from drug use. Stop worrying about policing the world, or spreading our influence, and focus on our own areas and creating a society that the world would be envious of, and producing products, ideas, and services that will spread our influence and power for us. Anyways back to reality.
Edit:
Why are people worrying about a Gold bubble? With housing or education you have alot of loans that you need paid back...this isn't the case with gold is it? It would just drop value, and the wealthy who bought it would just be out. Is it because all of the banks who are buying it would take a hit?
