I've been interested in approaches that bring the Federal Government on a more sustainable path. France's approach to tax millionaires at 75% appears to be a non starter. We may need to come up with some new sources of revenue that don't cause people to spend more time avoiding the increase in taxes.
I'd be open to a tax that rate that doesn't care about the source of revenue. For instance if the maximum tax rate is 25%. Tax income, corporate, and investment income at the same rate. This leaves the decision about taxes out of the equation and people are free to focus on the best rate of return for their time and money.
Senator Tom Colburn, MD has produced a very large 600 plus page detailed document Back in Black noting ways the Federal Government can trim the budget without inflicting undue pain on the populace.
Fix the debt is another group attempting to creatively tackle the problem of an unsustainable government where revenue is not covering expenses.
I am optimistic that people can work the problem and turn this around.
Will Smith - God Bless America 2 - min.
I'd be open to a tax that rate that doesn't care about the source of revenue. For instance if the maximum tax rate is 25%. Tax income, corporate, and investment income at the same rate. This leaves the decision about taxes out of the equation and people are free to focus on the best rate of return for their time and money.
Senator Tom Colburn, MD has produced a very large 600 plus page detailed document Back in Black noting ways the Federal Government can trim the budget without inflicting undue pain on the populace.
Fix the debt is another group attempting to creatively tackle the problem of an unsustainable government where revenue is not covering expenses.
I am optimistic that people can work the problem and turn this around.
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