So in the wake the purposed budget that President Obama has purposed. I was wondering if people had any thoughts on the pros and cons for say a Value Added Tax or a Flat Tax versus the system that is in place now. I tend to flip flop about these because I am just not sure of the overall benefit.
I like the, and I could be wrong, potential for fairness of the Value Added Tax in that the more expensive an item is the greater the tax rate on it. That seem pretty simple to me because if you do not want to pay the higher tax then you do not buy the item. I also see in some way the benefit of the Flat Tax in that if it is 10% it is always going to be 10% and it might take some of the confusion out of paying your taxes each year.
Now I am well aware that perhaps I am just not understanding what these various tax types do and the effect on them. So if that is the case please feel free to enlighten me. I await with interest your responses.
Words of wisdom from a big thinker. I hope to share my thoughts and maybe after it is all over we might have had some fun and learned a little something at the same time.
Where Do My Readers Come From?
Friday, February 27, 2009
Sunday, February 15, 2009
This looks like trouble!!
Now anyone who knows me also knows that I am not shy about my desire for some form of Socialism here in America. But this does not mean that I am unaware of the problems of Socialism when it is implemented by a corrupt or selfish individual. In this case word has just come out (by way of the Associated Press) that Venezuelan President Hugo Chavez has just won a referendum to eliminate term limits. So what this means (the actual article is linked above please read it) is that after ruling the country for a decade there will be another election in 2012 and Chavez has already said that he intends to run again.
This genuinely concerns me because I do not think Hugo Chavez is good for the citizens of Venezuela. He has installed most of his family in positions of influence within the country as well as just making all there lives ones of affluence. Now I do not want to get into a debate here about the obvious problems of Socialism. I would and will gladly do that an another day. I think Chavez is a thug and a criminal and would be bad for the people of any country under any system of government. The fact is that with him in charge there will be no equality and to believe any other way is I feel to be naive in the face of overwhelming evidence.
I have said my piece and any readers that would like to join in pro or con please feel free to do so.
This genuinely concerns me because I do not think Hugo Chavez is good for the citizens of Venezuela. He has installed most of his family in positions of influence within the country as well as just making all there lives ones of affluence. Now I do not want to get into a debate here about the obvious problems of Socialism. I would and will gladly do that an another day. I think Chavez is a thug and a criminal and would be bad for the people of any country under any system of government. The fact is that with him in charge there will be no equality and to believe any other way is I feel to be naive in the face of overwhelming evidence.
I have said my piece and any readers that would like to join in pro or con please feel free to do so.
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