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To: microhoogle! who wrote (137152)	7/28/2008 10:22:46 PM
From: Metacomet	Read Replies (1) \| Respond to of 306849

I have been convinced for quite a while that there are two fundamental and intertwined structural defects with how our country is currently managed. First is the gross inequity that has been engineered into the tax structure by greedy politicos responding to pressure groups or outright bribes to play various factions against each other. Thru this device they have managed to perpetuate tenures in office and the attendant power and influence. There are two actions that are mandatory for the country to be returned to the electorate in my opinion, and they will have to be accomplished in sequence to have any chance at succeeding. First, we must institute term limits to have any chance of getting laws that benefit the rank and file American voter. Because of the political power available thru gaming the tax code, it will be impossible to achieve any serious consideration of an equitable tax regime until the Congressional seniority system is dismantled. The tax code should be replaced with a flat income tax. This would be a single tax rate assessed against all earnings from the first dollar earned up. No exceptions, no loopholes. I think this could probably be a single digit rate if all income and earnings in the country were taxed equally. Key to this concept would be the recognition of all income as income. No different categories. Income recognized as wages, dividends, interest, inheritance, capital gains, every single "special interest" category equalized. Then we could stop wasting energy trying to game it or worrying about somebody else getting a better tax deal. We could fire the tax attorneys, tax accountants and 90% of the IRS, and still be better off than we are today. This would work because of the massive amounts of income that are virtually untaxed or undertaxed as a result of the nonsense in the IRS Code.