"Experience should teach us to be most on our guard to protect liberty when the government's purposes are beneficial. Men born to freedom are naturally alert to repel invasion of their liberty by evil-minded rulers. The greater dangers to liberty lurk in insidious encroachment by men of zeal, well-meaning but without understanding." - Louis Brandeis
Sunday, September 30, 2012
I Couldn't Have Said it Better...
...well maybe, but I couldn't have made a better video:
(if we had a flat tax, the rate should be 12% (see Arthur Laffer's The End of Prosperity), and then, with some BASIC deductions down to 10% or less)
Hong Kong has an 18% flat tax, but it covers what would be in the US - the State Tax, and most of the excise taxes that you'd pay in the US as hidden tax - such as your ObamaPhone tax.
The Progressive Income Tax as it was first initiated wasn't particularly bad but the horrible "taxation to further government policies" deduction nightmare and tax code nightmare has generated many of the problems that the likes of Harry Reid can and have exploited.
2 comments:
Hong Kong has an 18% flat tax, but it covers what would be in the US - the State Tax, and most of the excise taxes that you'd pay in the US as hidden tax - such as your ObamaPhone tax.
The Progressive Income Tax as it was first initiated wasn't particularly bad but the horrible "taxation to further government policies" deduction nightmare and tax code nightmare has generated many of the problems that the likes of Harry Reid can and have exploited.
I feel envy myself. I didn't my Obama phone.
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