Wednesday, October 27, 2010

Cato Handbook for Policymakers

Cato Handbook for Policymakers . . . http://www.cato.org/pubs/handbook/

Check it out.

Tuesday, October 19, 2010

Political Misinformation

It's that time of year. Columbus Day? Halloween? Thanksgiving? Christmas? Yes, but that's not where I am going with this. It's mid-term election time. The ads are increasing. The misinformation runs rampant.

One that is on my mind now (and I can't find it online today for some reason) is one condemning a flat tax system as a tax hike for the poor and a tax cut for the wealthy. This may be the case in some situations. This is the "go to" way that socialist always seem to attack proposals of these systems.

I know plenty of voters who do not actually research these things and just hear that they will be required to pay more taxes. The simple point of a flat tax system is to ensure that all people are paying their share (something that you'd think socialists would like . . . equal distribution). Instead of people receiving tax "refunds" greater than their payment, everyone would pay based on their earnings . . . EQUALLY. Today's system of taxation is a progressive one: the more you make, the greater the percent taken away. It's punishment for hard work and success.

There are too many people (one is too many) who know exactly what to earn in order to maximize their income with the least amount of work. They continue to reproduce in order to reap more Earned Income Credit. They are living off the wealth created by those who fuel our economy.

A flat tax is a good way of ensuring that all men are treated equally under the law . . . one of the ideals of our founding fathers. By thinking about this issue with an open mind and common sense, one can come to the logical conclusion that it is a great system. Sure you pay "more" as you earn more, but it's proportional, and you are able to keep a greater amount of your earnings.