Saturday, November 06, 2004

OH no!!!

This was the short part that I read on google news -

"European leaders urged President Bush to work closely with America's allies on issues like terrorism and the environment in his second term, while critics of the president worried re-election would embolden him to pursue conservative policies..."

Oh no bush is going to pursue conservative policies, just like we elected him to.

What it actually said was the above part + "...more aggressively than ever."

Now as the president is making his plans for the next four years it is a good idea for me to put my wishlist together. I demand that bush handle these problems and give me what I want, or I will just complain in uppercase, if he does not.

Here is the list in no particular order.

Removing the personal income tax and imposing just national sales tax.
Simplifying the corporate tax code (flat tax like Russia and some eastern bloc countries)
HSA's
Allow me to put MY social security money into MY personal 401k type account.
Fix Iraq.
Stop North Korea, and disarm them
Stop Iran, and disarm them
Solve the Israel problem
Secure our border
Keep an eye on Russia and China
Encourage growth in china and Russia
Do not get in the way of the growth of the internet.
Get rid of farm subsidies
And how about getting rid of the law that says I cannot buy new machine guns.


On thing to note: According to supply side economics, lowing the tax rate should come before fixing social security.

cube

4 comments:

Vestigial Fish said...

Not a bad list, but I do have a couple of things I would want to look into before jumping in and changing:

National Sales Tax- I am not going to go into the reasons here why I think this is not the best plan. Suffice to say there are several complicated reasons why I am not convinced this is a good idea.

Simplifying Corporate Tax Code- As long as the U.S. government gets the same amount or more revenue from the changes (with the understanding that the rate can be adjusted later), I'm all for that. However, most Corporations can afford to hire the Tax Lawyers and CPAs to cope with the complexity.

Keeping an Eye on China and Russia- I prefer to keep my tongue on rogue countries. It confuses and frightens them far more than the eye.

Machineguns- I'm not sure I'd trust you with machineguns. Not that I think that gun ownership is bad. I'm just not sure about YOU :)

Cubicle said...

"National Sales Tax- I am not going to go into the reasons here why I think this is not the best plan. Suffice to say there are several complicated reasons why I am not convinced this is a good idea."

I cannot think of one reason why this is a bad idea. Period. Secondly, it is the moral thing for a goverment to do, have a voluntary tax, and that is what a sales tax is. It is immoral to double tax you citizens (income, sales (gasoline), dividends tax, and captial gains tax, and death tax).



"Simplifying Corporate Tax Code- As long as the U.S. government gets the same amount or more revenue from the changes (with the understanding that the rate can be adjusted later), I'm all for that. However, most Corporations can afford to hire the Tax Lawyers and CPAs to cope with the complexity."

I don't care if they revenue stays the same. If it goes down that if fine. Also supply side ecomnics would dictate that if you lower the marginal tax rate you will increase revenue.


"However, most Corporations can afford to hire the Tax Lawyers and CPAs to cope with the complexity"

You are kidding me right???? I presently could afford to pay the goverment another 20 percent of money in taxes, but i don't want to because i want my money for other things. A complex tax code is an indirect tax, becuaae the corparations have to spend money to figrue it out, and that rasies the cost of their goods and services.

The process systems. The simpler the better.

Vestigial Fish said...

I have posted my reply to this article over at my Blog for those who care to read it.

Cubicle said...

link is broken.

cube