These thoughts include that if I were in charge I would make a list shows what taxes are paid by the average employee and the average employer and which of these were actually authorized by a vote of Congress and why? Were some of these like the tax that was instituted because of the Spanish-American War that was never rescinded until decades later. Also what taxes were authorized by the White House and why? Which of these could be rescinded so both the employee and employer get a win and the White House could claim a PR victory.
If any of the taxes weren't authorized by anyone but the Treasury or IRS then just get rid of them. Nobody elected these people.
Also if I were in charge I'd get a commission to speak with Argentina President Javier Milei to find out what changes in government and taxes he made that worked for him that might work in the US. Also what has worked in Argentina that would probably fail in the US so we'd know what to avoid.
Enjoying the book so far but pretty dense on economics and economics history.
1. The 16th Amendment is hereby repealed, effective immediately.
ReplyDelete2. All laws, regulations, and rulings based upon the 16th Amendment are hereby repealed, effective immediately.
3. Imports shall be taxed at rates of not less than 10% nor more than 1,000%. Import taxes exceeding 100% must be passed by a 2/3 majority vote.
4. Exports shall be taxed at rates of not less than 1% nor more than 100%. Export taxes exceeding 10% must be passed by a 2/3 majority vote.
5. Interstate commerce is defined as commerce in goods and services that crosses State or national boundaries. Commerce in goods and services taking place entirely inside a single State is not interstate commerce, nor may the absence of interstate commerce be defined as interstate commerce. Communications, be they physical or electronic, that originate and terminate inside the same State are not interstate in nature, no matter the path between origin and destination.
Your import taxes seem too much like tariffs and any country we have a free trade agreement with should face no tariffs and neither should we exporting to theirs.
ReplyDeleteAlso I'm against a state keeping a good or service just for use within it's border (like a doctor's or health service for example). Consumers from another state should be treated no differently and all services should be free to cross state borders.
Nice list though. A lot to think about.