Posted on 03/25/2015 8:02:56 AM PDT by SeekAndFind
Imagine there's no IRS. It isn't hard to do. No Obamacare to pay for. And no budget deficits too. Imagine all the people, living with a flat tax.
You may say Ted Cruz is a dreamer, but he's not the only one. He hopes some day—especially if you live in Iowa—you'll join him, and, well, he'll be president. That, at least, was the message during his announcement, oddly redolent of John Lennon, that he's officially seeking the highest office in the land. It was a conservative wish list to not only repeal the 21st century, but the 20th, too. About the only thing missing was a call to bring back the gold standard, although Cruz pretty much has that covered now that he's joined Rand Paul's crusade to curb the Federal Reserve.
Now it isn't easy to single any of this out as particularly unrealistic—that's like asking whether unicorns or centaurs are more real—but the flat tax might be it. That's the idea that everyone should pay the same tax rate. It's been the white whale for conservatives who not only want to go back to pre-New Deal levels of taxation, but also think this would super-charge the economy. Steve Forbes, for one, made this the centerpiece of his two presidential campaigns, and says that instead of the 2 to 2.5 percent growth we've gotten, a flat tax would make economic growth would explode up 6 percent the first few years and 3.5 percent thereafter.
But reality is a lot tougher than some tax models. A flat tax would just be a colossal giveaway to the rich—and maybe even take away for the poor—and that doesn't help the economy much. Just look, for example, at Rick Perry's version of this.
(Excerpt) Read more at washingtonpost.com ...
ok..if it’s in the wapo..it must be true...
We really should just ignore the Left Wing Media.
Hmm, if Ted Cruz isn’t a threat, why are the attacks increasing?
Burn it out of the Constitution.
Basically....the President would just issue an executive order and the IRS would create the flat-tax and that would be the end of the discussion. You won’t require congress or the senate to approve this. Go ask President Obama....he’ll tell you executive orders are best tool for this type of situation.
If the Compost is against it, I’m for it.
So the WP likes the lefts idea of tax and spend they like the notion of the deeper the hole the better idiots on the march.
What a crock. It can't be a giveaway if the government never collects it, unless liberals insist on defining wealth as the government's money that just happens to be in your bank account.
The Beltway meme is to conflate Cruz’s use of the word “imagine” with the John Lennon song. The little girlie-boys over at National Review seem to have been the first. My guess is that we have a few more days of this idiocy, before they move on to some other inanity.
Wow, imagine that. Nayhsayers of conservative policy in the
WaPo.
"DAMN the rich. Damn them all to hell ..."
It's really amazing how quickly leftism of any stripe devolves into greed and envy.
I just checked. Both of them are still among the "Seven Deadly Sins".
Hmmmm...I don’t remember a similar reaction to Obama’s “hope and change” mantra when he first unveiled it in 2007 as an absentee, freshmen Senator with no real accomplishments to speak of....
Correct me if I am mistaken but my understanding is that the Flat Tax is not middle class friendly. So why would any GOP candidate embrace it?
http://www.adweek.com/fishbowldc/layoffs-at-the-washington-post-amid-budget-shortfalls/139644
Gee...you would think that this genius would use his economic mastery on his own company (snicker)
Matt O’Brian pointing out, once again, that Leftists are completely incapable of understanding basic economics and how the real world actually works.
In mine, 90%. Article 1 Sec 8 is a REALLY short list.
Figures he’d start off this article with the liberal Mantra to communism: Imagine, which John Lennon later regretted writing which of course libs ignore.
http://www.torontosun.com/2011/06/28/lennon-was-a-closet-republican-assistant
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