Cavatt
Hall-of-Famer
- Joined
- Sep 7, 2008
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Agreed. There's just no need for that level of taxation. Society has to find another way to raise funds rather than essentially robbing the wealthy.
This is one of the reasons that I believe the federal government should have some socialistic programs that raise revenue - for example - there is no reason the Post Office, a long standing institution, can't compete and profit against UPS and FedEx. It should be run as a for-profit business. Many government services should be retooled to run as for-profit businesses with their net operating profits returned to the federal government as a form of revenue generation.
This is how Social Security, Medicare, and Medicaid should work as well in my opinion; and yes, that would require some level of partial privatization (yet with complete government oversight and regulation).
I just feel that the government too often gives away services that it could charge a fair and effective rate for, causing shortfalls.
they should just get some scientists and economists in there and go through all the programs. This works keep it. This doesn't kill it. Everything is so stupidly based on philosophy instead of practicality.
Punitive taxes don't work. People just start hiding their cash or moving. John Lennon super Liberal didn't pay his 80% rate in England. It is just foolish. I have always been a fan of getting rid of all loopholes except kids. Just collect the taxes that large companies aren't paying and we automatically go in the black.