tag:blogger.com,1999:blog-1327826536005692170.post8971116481264709383..comments2023-08-24T07:27:12.657-07:00Comments on Contra O'Reilly: It's the Revenue to the Federal Government, Stupid - Addendum 2Will "take no prisoners" Harthttp://www.blogger.com/profile/02315659209094683602noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-1327826536005692170.post-88144112751483747832014-02-24T20:05:01.038-08:002014-02-24T20:05:01.038-08:00I agree and a part of my proposal would still incl...I agree and a part of my proposal would still include the EITC (or the negative income tax, if you prefer - per Milton Friedman/Charles Murray).Will "take no prisoners" Harthttps://www.blogger.com/profile/02315659209094683602noreply@blogger.comtag:blogger.com,1999:blog-1327826536005692170.post-51555450544189919602014-02-24T19:49:06.477-08:002014-02-24T19:49:06.477-08:00Will: I'd have a 0% rate as well. Those in pov...Will: I'd have a 0% rate as well. Those in poverty should be burdened minimally by the tax system.... if at all.dmarkshttps://www.blogger.com/profile/07269773990064736457noreply@blogger.comtag:blogger.com,1999:blog-1327826536005692170.post-56196381006261986062014-02-24T19:37:23.680-08:002014-02-24T19:37:23.680-08:00I think that there's a real thirst for tax ref...I think that there's a real thirst for tax reform on both sides. I would personally have 3 rates (15,20,and 25%) with zero deductions and no special consideration for capital gains (call it my version of the Buffet Rule). Yes, it would be a nightmare for tax preparers but a strong jolt to the economy, I think. Will "take no prisoners" Harthttps://www.blogger.com/profile/02315659209094683602noreply@blogger.comtag:blogger.com,1999:blog-1327826536005692170.post-61605645133170861672014-02-24T19:34:36.476-08:002014-02-24T19:34:36.476-08:00That's a good thing....That's a good thing....dmarkshttps://www.blogger.com/profile/07269773990064736457noreply@blogger.comtag:blogger.com,1999:blog-1327826536005692170.post-28567664639754642142014-02-24T17:34:52.114-08:002014-02-24T17:34:52.114-08:00I believe we're getting closer to common groun...I believe we're getting closer to common ground? ;-)Les Carpenterhttps://www.blogger.com/profile/01120280762698472496noreply@blogger.comtag:blogger.com,1999:blog-1327826536005692170.post-63902428021391630952014-02-24T07:27:31.917-08:002014-02-24T07:27:31.917-08:00If our top marginal tax rate was 77%, I would be i...If our top marginal tax rate was 77%, I would be in favor of lowering it too.Jerry Critterhttps://www.blogger.com/profile/01870618647449723147noreply@blogger.comtag:blogger.com,1999:blog-1327826536005692170.post-20421789651670343332014-02-24T01:16:28.013-08:002014-02-24T01:16:28.013-08:00The more you tax something the less of it you get....The more you tax something the less of it you get. Generally.Les Carpenterhttps://www.blogger.com/profile/01120280762698472496noreply@blogger.comtag:blogger.com,1999:blog-1327826536005692170.post-41732071484872407432014-02-23T20:13:41.989-08:002014-02-23T20:13:41.989-08:00We didn't even have a damned income tax prior ...We didn't even have a damned income tax prior to 1913. And, while, yes, we did have some panics and economic downturns back then (most often caused by central banking), they were generally quickly resolved and without as much as ounce of intervention from the government. Compare that to the Great Depression (with the meddling of Hoover and FDR) and to the current situation and the case for government intervention is pitiful at best.Will "take no prisoners" Harthttps://www.blogger.com/profile/02315659209094683602noreply@blogger.comtag:blogger.com,1999:blog-1327826536005692170.post-25651568207268065882014-02-23T19:49:09.835-08:002014-02-23T19:49:09.835-08:00Too much of it is based on a combination of base e...Too much of it is based on a combination of base emotions and some of the "seven deadly sins", which all combine to support a mentality of wanting to steal from those who are good at what they do and are good at creating wealth, and viewing all such individuals as evil, who must be destroyed.<br /><br />Kept in check, you end up with economic meltdowns, and industries and investors fleeing the country. But if it gets out of control, you get situations like Stalin.dmarkshttps://www.blogger.com/profile/07269773990064736457noreply@blogger.com