- 17 Apr 2008 03:35
#1508283
We have a 40% corporate tax. Cut it and our goods will be even cheaper.
Bad argument. More expensive driving will just push people to navigate the country in more efficient (and more fuel-efficient) ways, such as trains or buses. (and companies to stop transporting goods by truck and start moving them by train)
Let's see. SEC, FCC, USDA, FDA, DEA, FEMA, Dept. of Commerce, Dept. of homeland security, Dept. of Education, Medicare, the National Endowment of the Arts, the FBI (internal law enforcement is state jurisdiction, not federal) and all subsidies to agriculture and industry, and every military base we got in other countries, just for starters. I would eventually, economic conditions permitting, phase out Medicaid, social security and most welfare. I'd leave subsidized worker re-training and temporary unemployment insurance.
As for tax revenue, I would replace all taxes with a land value tax, external tariffs and in the interest of keeping the budget balanced in the initial stages of my reform, a consumption tax with a rebate for necessities (the FairTax). I would eventually look to eliminate the latter.
Yunno, now I'm kinda surprised I got a lower PC score than you.
Cheap driving is the reason why the cost of our goods remains low.
We have a 40% corporate tax. Cut it and our goods will be even cheaper.
Cheap driving is why the country is navigable.
Bad argument. More expensive driving will just push people to navigate the country in more efficient (and more fuel-efficient) ways, such as trains or buses. (and companies to stop transporting goods by truck and start moving them by train)
For the sake of argument, give me a list of "programs and regulations" you'd cut out, and the sources of external revenue to pay for what's left.
Let's see. SEC, FCC, USDA, FDA, DEA, FEMA, Dept. of Commerce, Dept. of homeland security, Dept. of Education, Medicare, the National Endowment of the Arts, the FBI (internal law enforcement is state jurisdiction, not federal) and all subsidies to agriculture and industry, and every military base we got in other countries, just for starters. I would eventually, economic conditions permitting, phase out Medicaid, social security and most welfare. I'd leave subsidized worker re-training and temporary unemployment insurance.
As for tax revenue, I would replace all taxes with a land value tax, external tariffs and in the interest of keeping the budget balanced in the initial stages of my reform, a consumption tax with a rebate for necessities (the FairTax). I would eventually look to eliminate the latter.
Yunno, now I'm kinda surprised I got a lower PC score than you.
"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." -F.A. Hayek