Answer to Report of President's Commission on Tax Reform

This is supposed to be simplification? Let's start over, with a federal tax system that doesn't encourage or discourage anything or anybody or any particular behavior, but simply imposes and collects the optimum amount of revenue with the optimum amount of efficiency and drag on the economy, and which allows every actor in the economy to save or dispose of what he, she, or it owns as he, she, or it chooses. That's the way it's supposed to be, and that is the way it used to be before we turned our lives over to our permanent political masters. We already have a flat tax, i.e. the payroll tax, and we already have a consumption tax, i.e. the corporate income tax, to the extent it is paid by consumers. All we need to do is repeal the Individual and Corporate Income Taxes ( including the nefarious AMT), and extend the flat tax to all individual and corporate income at whatever modest rate might be needed without credits, deductions, exemptions, tax free accounts or entities. Unconstitutional federal social programs would be devolved to the states, where they could be constitutional and could take advantage of subsidiarity, and be funded by user fees and per capita taxation rather than income and real estate taxes. Everybody and everything would pay a little, so little that everybody would think it's fair and pay willingly! [Published by the WALL ST. Journal.]

hm