gavinfielder
DP Veteran
- Joined
- Sep 24, 2012
- Messages
- 1,748
- Reaction score
- 756
- Location
- Sacramento, CA, USA
- Gender
- Male
- Political Leaning
- Libertarian - Left
Most everyone in this forum knows by now that taxes don't really fund the government (hey, something changed!)
And most everyone knows that taxes don't really incent growth. It'd be silly to think they ever could.
We especially don't need taxes in a demand-depressed economy.
Let's remove them. All of them. Over a period of 4 to 6 years (unless this still doesn't fix the economy by then), scrap the entire tax code. At the same time, end the Fed and turn monetary sovereignty over to the people so no one continues whining about some imaginary public debt problem.
Will this cause inflation? I hope so. First of all, it'd be great, because for demand-pull inflation to even be possible everyone must be able to have a job. As a liberal, I'd much rather fight inflation than fight unemployment, poverty, homelessness, and even (should Paul Ryan get his way) starvation. But when it does cause inflation, there's plenty of ways to fight it. Raise the reserve requirement. Keep raising it, until we completely eliminate fractional reserve banking--why not?
Meanwhile, by benefit of zero-tax policy, businesses and jobs flow into the US, we'll turn around our trade deficit, and we'll no longer even have a need for deficit spending in the first place. If the economy is great, there'd be much less need for welfare, and since I'm dreaming of monetary reform anyway, let's distribute it regionally so average people have more lobbying power since monetary policy would lie with public organizations closer to home--that way, if welfare is truly needed, the people will say so and we wouldn't have this traction and disconnect from the Ivory Tower in Washington from real economic problems at home.
And most everyone knows that taxes don't really incent growth. It'd be silly to think they ever could.
We especially don't need taxes in a demand-depressed economy.
Let's remove them. All of them. Over a period of 4 to 6 years (unless this still doesn't fix the economy by then), scrap the entire tax code. At the same time, end the Fed and turn monetary sovereignty over to the people so no one continues whining about some imaginary public debt problem.
Will this cause inflation? I hope so. First of all, it'd be great, because for demand-pull inflation to even be possible everyone must be able to have a job. As a liberal, I'd much rather fight inflation than fight unemployment, poverty, homelessness, and even (should Paul Ryan get his way) starvation. But when it does cause inflation, there's plenty of ways to fight it. Raise the reserve requirement. Keep raising it, until we completely eliminate fractional reserve banking--why not?
Meanwhile, by benefit of zero-tax policy, businesses and jobs flow into the US, we'll turn around our trade deficit, and we'll no longer even have a need for deficit spending in the first place. If the economy is great, there'd be much less need for welfare, and since I'm dreaming of monetary reform anyway, let's distribute it regionally so average people have more lobbying power since monetary policy would lie with public organizations closer to home--that way, if welfare is truly needed, the people will say so and we wouldn't have this traction and disconnect from the Ivory Tower in Washington from real economic problems at home.