Bigdogg wrote:
No surprises here from you but the devil is in the details.
1. Let those businesses regardless of size that do not 'get it' fail.
How do you define business that "get it"? How about the business that "got it" but through no fault of there own are failing because of competition from other foreign government's protectionism or financial support that gives them an unfair advantage? Also who decides which business should fail? Should we let China make our tanks and planes because they are cheaper and they "get It"?
A business, or a person for that matter, who says 'through no fault of their own', clearly does not 'get it'. The people in charge of those businesses need to be savvy enough and proactive enough to anticipate and/or worl through any of those scenarios. If they cannot, then they have failed and do not deserve any of my tax dollars to pay for their mistakes.
Who decides what business should fail, you ask? I believe that the business itself does by the decisions that they make every day.
Bigdogg wrote:
2. Reduce the size of federal gov't rather than increase it as is happening now.
I agree that government is not efficient. Where do you want to start.
See my point #4 below.
Bigdogg wrote:
2. Reduce the size of federal gov't rather than increase it as is happening now.
Why did the Republican when they were in power not make the government smaller? It's a great Rush talking point but neither party is going to do it.
How is this relavant? I agree with you that this should have taken place during the last 8 years...but what about the 8 before that? Clinton was the mastermind behind one of the biggest pieces that led to the recession and the economic downfall of the last 18 months...the housing 'crisis'. By allowing, and in fact mandating that financial institutions lend money to people who could not afford it based on solid financial analysis and were approved for mortgages that they could not pay for, Clinton started the housing boom and subsequyent housing bust that we are currently suffering from.
BTW...nice James Carville talking point in your response....."why didn't the republicans do it?' That is only an answer for someone who doesn't understand the question......
Bigdogg wrote:
3. Cut taxes on those companies that employ people to allow for expansion and more hiring.
You are assuming cause and effect. Ohio has cut taxes on company's but I don't see much hiring going on because of it. How are you going to replace the lost revenue? I tell you how it's being done now. They are shifting the tax burden to more school levies, more government fees and more local taxes.
I'm assuming 'cause and effect' because that is typically how economics work. Ohio is an awful place to start or try to grow a business because of many more factors than taxes.....
Bigdogg wrote:
4. Implement a flat tax and dismantle the IRS.
I hope this happens sometime in my life time but I doubt it. Too many out of work tax accountant and lawyers. Poor Fanfromtexas would have to take a pay cut
First, FFT is not a tax lawyer...and he is one of the most insightful and unbiased posters on this site or the former one. Second, the litigious society in which we live could use a few less lawyers. Here is another example of decreasing the effective tax bite on the people who are creating and expanding their business would create more jobs than it would cost.
The benefits of a flat tax would far outweigh the negatives IMO.