http://globaleconomicanalysis.blogspot.com/
Both state and Fed income taxes need to be immediately structurally changed to a broad based consumption tax....
1) You use it ....you pay for it....
2) Stabilizes the tax take
3) Everyone has skin in the game
4) Promotes good economics
5) Most importantly.....there is a number....
There is a number per person that is a practical, economic number....
ie $184,000 is not an appropriate health number...etc...
The appropriate number is a top down number....
Each state needs to develop their own monthly numbers from a consistent and simple consumption tax....
And then a sensible per person number can be derived....
This number could be maximized by making sure that the tax take is more than competitive world wide....
Thus the seeds will be planted for the brightest American economic future....
The number is a top down number....
At the moment....the govt....is trying to print money....etc....and most importantly is not optimizing the highest form of economic structure for the USA....
The optimal form of tax for the US is a top down 10% State 5% Fed Consumption Tax.....
The current approach is utter nonsense....and backwards....
Both state and Fed income taxes need to be immediately structurally changed to a broad based consumption tax....
1) You use it ....you pay for it....
2) Stabilizes the tax take
3) Everyone has skin in the game
4) Promotes good economics
5) Most importantly.....there is a number....
There is a number per person that is a practical, economic number....
ie $184,000 is not an appropriate health number...etc...
The appropriate number is a top down number....
Each state needs to develop their own monthly numbers from a consistent and simple consumption tax....
And then a sensible per person number can be derived....
This number could be maximized by making sure that the tax take is more than competitive world wide....
Thus the seeds will be planted for the brightest American economic future....
The number is a top down number....
At the moment....the govt....is trying to print money....etc....and most importantly is not optimizing the highest form of economic structure for the USA....
The optimal form of tax for the US is a top down 10% State 5% Fed Consumption Tax.....
The current approach is utter nonsense....and backwards....
