Tax Reform - Is it high time we stop taxing productivity in the US?

Question

"Promoting the growth of the national economy would be

one of the fastest and best ways of reducing the national

debt. We could, for example, stop letting little bands of selfrighteous

activists stifle the building of homes or businesses under “open space” laws and stop the drilling of oil offshore, on-shore, or elsewhere.

As for taxes, we could stop taxing productivity and start taxing consumption. After all, productivity is what makes a society more prosperous.

Despite political use of the envy factor to cause resentment of people whose high productivity earns high incomes, someone who is adding to the total wealth of this country is not depriving you of anything. But someone who is consuming the nation’s wealth without contributing

anything to it, is costing you and everyone else who is carrying his share of the load. Yet our tax system penalizes those who are producing wealth in order to subsidize those who are only consuming it.

Tax reform is overdue, national debt or no national debt."

http://media.hoover.org/documents/9780817947521_63.pdf

Answer 1

But MCCain has took a million dollars from the oil companies to give them a 4 million dollar tax break not to give us one but to give them one , and how much have they made off us this year. Wake up America we cannot take anymore of this.

Answer 2

Amen Abe!  You are absolutely right.  It is now the time to stop demonizing success.  Taxes are for what is necessary, not as a means of punishment for those companies or individuals who contribute to a society.

When will it be learned that decreasing taxes cause much more contribution to this country? The national debt will see a bigger decrease with lowered taxes.

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Answer 3

We don't need any sort of personal income tax (earnings theft).  The country got a long great without one for more than 135 years.  The only taxes the federal government levied were in accordance with the Constitution of the United States.  Of course, back then we didn't have all of the communist/socialist/unconstitutional programs funded by taxpayers, either.

Answer 4

"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."

Thomas Jefferson

Answer 5

While reading your perfect assessment of productivity and taxes, I couldn't help myself from thinking of all the libs reading it with blank, confused looks on their faces..their brains just can not process information like that...so all they can do to respond will be to attack you and try to minimize this great question......lol.......YES ITS TIME TO STOP PENALIZING PRODUCTIVITY, AND REWARDING LAZINESS!!!!!

Answer 6

yes. it would lower prices and increase the pay rate. a win-win.