Posted by
Paul Wedding on Wednesday, March 12, 2008 3:57:00 PM
Imagine working at a place that instead of paying time and half for
overtime, they decided you were making to much for your extra work and
decide to pay a little less instead of a little more. Now imagine they
also used other factors to determine how much money you made. Such as
rather you had a home mortgage, student loans, kids in college, how
much you gave to charity, and tons of other factors. Sounds
complicated doesn't it. Most people would not have much of incentive
to work for such a place. Why would you work extra just to get a pay
cut. and what right would a company have to tell how to spend your
money. I am sure most of you would hate working for such a company,
but yet we see nothing wrong with the federal government doing it.
This
is why a flat tax would just make more sense, after a few standard
deductions that everyone would get you would simply pay a certain
percentage to the federal government. Everybody would know what rate
they were paying. Most politicians hate this idea, sure they give the
excuses, no one would buy a house, or give to charity if they didn't get
a tax break for it. Since the rich earn more they should pay more.
This is what they tell you, but the fact is most politicians hate the
idea because they might have to work to stay in office.
Lets
face it the tax code as it is is more than a way for the government
generate revenue. It a way for politicians to generate votes. Want to
get some votes from recent college grad. Give them an exemption for
student loan interest. Want get votes from the working poor. Simply
cut their taxes. Want to get a ton of votes from the poor raise taxes
on the rich. That one is probably my favorite. To help the poor raise
taxes on the ones that are building new businesses, hiring people, and
helping the economy grow. Yeah sounds like your really helping the
poor by taxing those rich.
Now imagine a system where after a
standard deduction everyone would get and a deduction for your kids
everyone would simply pay the same percentage on their remaining
income. Imagine politicians would no longer be able to use class
warfare as a way to get votes. The rich would no longer have a
disincentive to make more money, therefore more jobs would be created.
Overall taxes would be lower. Can you imagine during peacetime
politicians trying to justify a tax increase. They could no longer
simply raise it on one on class of people and somehow act like it was
helping everyone one else. A tax increase on one would be a tax
increase on all. Maybe a flat income tax would make April 15 a little
less dreadful.