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would you rather:
raise taxes and keep services like social security, etc. 74%  74%  [ 14 ]
lower taxes and lose services like sociaL security, etc. 26%  26%  [ 5 ]
Total votes : 19

skafather84
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02 Nov 2010, 1:34 pm

visagrunt wrote:
Instead of the dramatic, "either-or," why not simplify?

Radically rationalize the taxation system, reduce income taxes and implement a value added tax.

Radically rationalize entitlement programs and implement a guaranteed annual income with an OSR clawback to incentivize employment.

Tax a portion of capital gains as income in the year realized, exempt a taxpayers' principal residence and eliminate the mortgage tax credit.


Capital gains should definitely be taxed since there are many high level executives who treat their capital gains as income and set up work contracts where they are compensated in ways that equate capital gains rather than normal income.


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JNathanK
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02 Nov 2010, 8:48 pm

I didn't answer. It oversimplifies the debate. Getting rid of social services and social security might not lower taxes. They might just shift more spending on military contractors. Also, when people cry for lowering taxes, its often a plea to just lower it for the rich.



ruveyn
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03 Nov 2010, 6:15 am

JNathanK wrote:
I didn't answer. It oversimplifies the debate. Getting rid of social services and social security might not lower taxes. They might just shift more spending on military contractors. Also, when people cry for lowering taxes, its often a plea to just lower it for the rich.


When most people demand lower taxes they generally demand it for themselves, first and foremost.

ruveyn