View from the Center and Left Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: wonk who wrote (149523)	11/11/2010 2:53:44 AM
From: Paul Smith	of 541682

You'll say - as would quehubo - ...its an insurance programs and should be segregated out so that the receipts match benefits.... It is not that i want it to be separate and treat it differently than general funds for philosophical reasons, it is that it was set up to be separate. But I understand it is basically a ponzi scheme rather than a true insurance fund. Taxes are about revenue to fund the government but they are also about the type of behavior that is desired - incentives. Deductions are created to encourage behavior - buy a house, give to charity, invest in X types of assets, etc. I've indicated that I think the current system is far too complex and a simpler system is better - I would like a tax code that results in TurboTax going out of business because it is no longer needed. I think that is unrealistic but I would still like to see it. Your note has some interesting ideas - I need to think about them more.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next