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Originally Posted by 427 S/O
J.T., I sure wish the 'flat tax' would gain some momentum, I think?. There are a couple more out there but I don't know enought about them to make a decision?.
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The problem with any sort of tax revision in our country is that the politicians are not disciplined enough to execute it.
There are several ideas out there on how to improve our tax system, the biggest (and most pragmatic) opponents to all of them have to do with implimentation.
Social Security was never meant to be permanent. Income tax was never meant to be permanent. You see it all the time with local and state taxes as well. Something that's meant to be a temporary tax and a finite vehicle for generating money for a public function gets renewed well after it's initial intended use.
Once a road goes to a toll road, it'll never go back to an open and free road. That's the nature of the beast.
THE best tax system we could have would to have a national sales tax. A consumption based system. There are SOOOOO many advantages to it. It encourages people to save, rather than spend. (the more you save, the less taxes you pay). It taxes people across all income levels fairly. (while still progressively taxing the largest wage earners...who tend to be the largest consumers). It would greatly simplify the IRS.
The only problem is....again. Flat tax. National Sales tax. You'd never be able to fully get rid of our current system while transitioning to the next system. And then what we'd have is BOTH systems and we'd be royally F'ed. We have a new system in place with the old legacy system still being renewed.
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