Creative destruction out of California: flat tax consideration

Quote from clacy:

This might be the single dumbest political statement I've ever heard.
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I can only shake my head and LOL. Good luck little one.
 
Quote from hilojack:

Jefferson, Franklin, Washington...


Dodd, Frank, Pelosi....
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Only 6 words and yet it's all that needs to be said on that matter
 
Quote from college_trad3r:

with flat tax there won't be enough money for the government. The only way a flat tax is gonna work without extreme deficits is NO army. I don't see America surviving without an army.
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Another brainwashed young American. Let me explain it the way Ronald Reagan did: The people aren't taxed too little. Government spends too much.
 
In response to the previous post, Reagan increased spending massively during his terms while cutting taxes. The sum of the debt and interest paid on Reagan's debt is well into the trillions of dollars. Politicians always talk like it is someone else who is the problem when it is really them. In terms of a flat tax, it doesn't matter how creative you are in collecting taxes as long as the tax revenue equals spending. If you want to overtax the poor and middle class, then fine. When markets for everything except basic essentials like food, clothing, and fuel dry up because non-rich people have no disposable income, at least the wealthy and those invested in essential industries will have their money.
 
Quote from BSAM:

Let me explain it the way Ronald Reagan did...
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Reagan not only started the era of massive deficit spending, it was his creation of the mythical "lockbox" that turned Social Security into a "pay myself IOUs" ponzi scheme.

The man was a fiscal disaster.
 
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