Life and Taxes

Posted in Uncategorized by chamblee54 on March 28, 2008

One of the radio whiners was talking about taxes today. ( That sentence could get a lot of use). There was some kind of economist guest, and the consensus was that lower taxes stimulated the economy.
The thought occurred to this reporter…why have taxes at all?
If lower taxes would stimulate the economy, then what about no taxes at all?
Now, I am no economist, but I suspect this would not work. To begin with, we have to pay the interest of the debt we already have.
If we don’t pay this interest, then no one will loan us any more.
Second, we have the War in Babylon to consider. Our Government tried to pay for this war with a tax cut before the invasion. The budget deficit went over 400 billion bucks a year. The economy was stimulated, though, and there was regime change in Baghdad.
Our army was not greeted as liberators, though. However, the tax cut was greeted as a liberator in certain circles here.
It would seem to this slack Georgia Blogger that the issue is not whether or not to have taxes, but how to assess them, and and what rates.
I have written a few times about the “Fair tax”. These can be found hither dither and yon. I think the FT has the potential to work, but there are a lot of doubts remaining. And no, I have not read the book. I did read “Barry” Obama’s speech about race, and feel much the same about it. “The speech”has the potential to work, but there are a lot of doubts remaining. At least Neal Boortz does not talk about his grandmother.
Getting back to the matter of how to set the tax rates. It is a mess. Tax deductions and Tax write offs have produced many jobs and done much good work. The powerhouse economy of the last seventy years has been a product of many factors, with the combination of deficit spending, a print happy federal reserve, and baffling tax laws important components. Should we throw the baby out with the bathwater?
Maybe we can go back to an emphasis on tariffs to raise money. This would have the dual effect of bringing in money and protecting what the industries that have not gone south of the border. Nevermind this was a minor cause of the war between the states.
A tax on the rich would bring in revenue, and is a crowd pleaser at election time. However, some of these people are entrepreneurs who create jobs. Besides, they give political contributions, and are protected. ( Never throw away your dead tree dictionary. I screwed up the spelling of entrepreneur so bad that spell check did not know what I had written)
Maybe we could tax political contributions, and other forms of prostitution. Legalizing certain controlled substances would add to the tax digest.
In short, I don’t have a clue. I am just a slack georgia blogger who doesn’t get campaign contributions.
That’s right, I was talking about tax rates, and I was about to go back on the clock. Gotta go earn some more money, so we can kill terrorists over there before they kill us here.


One Response

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  1. Mike Harmon said, on March 28, 2008 at 7:13 pm

    I came across your blog on Technorati. Nice site layout. I will stop by and read more soon.

    Mike Harmon

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