Showing posts with label Economics / Taxes. Show all posts
Showing posts with label Economics / Taxes. Show all posts

Monday, June 15, 2009

Regressive Tax Rate?

America needs a progressive regressive tax rate. This way there will be incentive to be productive. Lets say if you make 50k/yr you have a tax rate of 20%. 100K/yr has a tax rate of 10%/yr and 250k+/yr have a rate of 5%!

Wow what a great idea. Something tells me we would see a boom in technological and entrepreneurial advancement. We would also see a lot less “psych”, “sociology” and “environmental studies” majors (ie. pointless majors that contribute nothing to society).

One of my vices is that I tend to mentally operate in the world of the physically impossible as opposed to what is feasible in this educationless nanny state society.

You know why I think WW1 and WW2 was overall good for America? It forced Americans to be (or to remain) independant and tough as nails! We churned out no nonsense entrepreneurs and engineers like crazy over the following decades as we stormed miles ahead of any other country and erased all most of the enormous debt we incurred to finance the war. Now we’ve spent in real dollars more than even during WW2 except now our society is filled with wussies with pointless degrees.

On Fairness

“I’m not in favour of fairness. I’m in favour of freedom. And freedom is not fairness. Fairness means that somebody has to decide what’s fair.” - Milton Freidman

When is the next Milton Friedman going to emerge? Some might say Sowell or Stossel-stache but they are good debaters, Milton was a master debater (ABSOLUTELY NO PUN INTENDED). We need a cross between the intellect of Thomas Sowell and the communication and debating skills of Dinesh D’souza. John Bolton is my favorite guy right now…he killed it on Maher. Even Maher was clearly afraid to get into it with him for fear of being made to look like the intellectual child he is.


***Update

Dan Mitchell from the from the Center for Freedom and Prosperity has an excellent post here regarding the whole "class warfare/ fairness" issue. My favorite part is his reference to a certain debate question from Charlie Gibson. Watch and you'll see: