Democrats like to use the tax code to divide and conquer, like the latest attempts to gouge those making over $250,000 per year.
The W.O.R.M. has no problems with this approach, as long as I can play too. Here’s my proposal: anyone who’s ever publicly called for other people’s taxes to be raised are not permitted to take tax deductions for themselves.
Think about it. Insist on increasing other people’s taxes, while keeping yours as low as possible, and you’re saying, “I’m being asked to do too much…you’re not being forced to do enough.”
For the record, philosophically I disapprove of all specialized deductions. With a flat rate, or even slightly progressive tax, a standard deduction would be fine. But the federal government isn’t authorized to use the tax code for social engineering. It’s for raising revenue.
Look at the rationale for deductibles for home interest loans. It was to make home ownership more affordable. But imagine that tax deduction was suddenly eliminated. Would home prices go up or down? Down. Values would be unchanged, but prices would go down.
Which would make houses more affordable.
What I’d like to make prohibitively expensive is meddling in other peoples’ business.
Eliminate tax deductions for busybodies!
In related news about pushing punitive payments on people….It wasn’t until 9/26/2010 that Germany finally paid off all of the reparations the French demanded after WWI. http://www.cato-at-liberty.org/first-world-war-ends/
If the reparations hadn’t been so punitive, there would have been far less economic discontent in Germany, and (perhaps, or probably) no Hitler in power.
Probably still would have had another war, but one far less horrifying.
I saw that news brief. Kudos to Der Volk for paying it off. Hopefully the French have nothing left to complain about.
Flat tax for sure. Think of how many people are employed (in the public and private sector) to do nothing else but check to make sure your tax forms are filled out correctly.
Yes! Absolutely right. Eliminating friction from a productive system is important…everywhere but D.C., apparently.
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