I want to get something out there that is on my mind. Earlier in 2012 I remember seeing all of these people on TV crying about how America wants to punish the reich people by raising their taxes. Some of these people crying the loudest were our elected (I say this loosely) representatives.
LET'S TALK ABOUT THIS BRIEFLY.
In the USA today the upper 20% income earners are in control of 80% of Americas wealth. This is like 2 people having 80 cents to share. This is opposed to the bulk of Americas work force.
With us (Me Too), This is like 8 people fighting over 20 cents.
In all practical terms the only people with the financial wherewithal to pay down America's debts are the top 20% of American's controlling 80 cents of every dollar in the American economy.
I would support a straight across flat tax for individuals, and businesses something akin to 15% of gross income for all federal, State, and Local taxes. Said differently if your earn $50,000 a year income, you pay $3,500 as your entire medical (health care) and tax debt. By the same token if your income is $1,000,000 per year then your total medical (health care) and tax burden should be $150,000.
think about this briefly today in America your incorporated business earns $1.00 profit.
Post taxes you now have 50 cents to pay your employees and service your debt, grow your business etcetera. Your employees get $1.00 pre-taxable income. They make say $1.00.
Their post tax income and benefits package leaves them say 70 cents.
with this 70 cents they pay 35 cents for housing. Now your employees have only 35 cents
left to live on and many places have a sales tax too say about 8 cents on the dollar. This
means your employees really have a spendable income of only 27 cents left on every dollar they earn. See the picture. The economic gulf between the uber-wealthy, the wealthy, and everybody else has become a huge chasm. I was raised in the 60's and 70's. It took America 150 years to have a "Nuclear Family" or strong middle class. It took 20 years to destroy the idea.
Said another way a man could raise his family on his income as the sole provider in the late 50's until the 80's.
In the 70's women chose to enter the work force to be able to let their families have a little fun.
By doing things like going out to eat and visit Disneyland.
In the 80's women had to get a job.
Today families are fractured. I could argue that this is because Many American have to work
more than 1 job just to get by.
Life in America was not meant to be this way.
