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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (180787)1/17/2004 11:04:42 AM
From: i-node  Read Replies (1) of 1576160
 
>>> In other words, if you pass a spending bill to fund NASA going to Mars, have the budget office figure the cost, and raise the income tax percentages immediately to cover the cost

The concept has a certain appeal, so people could truly see what some of the liberal spending programs have done to this nation. But since the Kennedy administration, tax policy has been a key element in controlling social policy and the economy. It is far bigger than merely the collection of the revenue.

That said, I would love to see the Income, Social Security, Medicare, Estate, and Gift taxes replaced by a single National Sales Tax -- the flat rate for which would be varied annually according to the revenue that needed to be raised. This would be the single biggest boon to our economy we could dream of and would help bring wasteful spending under control. But it'll never happen, and I'm resigned to that -- unless a presidential candidate makes it the basis of his campaign -- then wins.
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