Subject: Taxes Comment: Talk about a dangerous idea! Why not do the following? We know exactly what the number of federal dollars flow into each state. Why not set the income tax rates for each state proportional to the number of federal taxes that flow into that particular state? While we are at it let's simply balance the budget? This will drastically change the motivation for every congressman and senator who will not be inclined to support pork spending. Another idea, this concerning Social Security. Why not make the deductions mandatory as they are now? Instead of going into the current trust fund take 5% and make it mandatory to invest into a 401k style account. Each year increase the amount going into the 401k style account by 5% and decrease the amount going into the SS trust fund by 5%. In 20 years us old geezers will have pretty much died off and the young people will be completely out of the governments clutches. Maybe it has to be done over 30 years or 40 years but surely anyone reading this will get the idea. The transition period will cost the government but that is life. Imagine what all that capital savings will do to the interest rates and the economy!!! The greatest economy in the history of the world!!! Call me if you need more ideas. |