axelrod608

How Congress Can Solve the Recession, Outsourcing and Social Security

>> "Absolute liberal hogwash" >> Abolishing corporate income taxes is LIBERAL ?? C'mon people, read the article and think it over before posting something stupid.

The US tax code is one of the most regressive "systems" on earth. Social Security in all its idiotic splendor is a bad joke just waiting to become a nightmare.

How retirees are to pay for their retirement is a conundrum with Soc Sec swirling in the bowl and interest and dividend rates being held at absurdly low levels by the feds.

WE NEED THIS DEBATE. Even more to the point, Congress needs this debate rather than 99% of their time being spent to get re-elected.

All these suggestions are at least somewhat feasible. I would like to see no income tax on cap gains in qualfied retirement plans, as is the case with Roth IRA's today.

The biggest lift we could give our economy is a release from excessive paper pushing to conform to IRS requirements. It is like a down anchor is to a ship underway.

National sales tax - 1% - collected daily from sales of new goods.

1% federal gas tax, collected daily.

And finally, when will the make-believe capitalists get on the bandwagon for universal healthcare - NOT health INSURANCE - so our health plans masquerading as companies can become competitive global companies ?

We have huge, serious problems. Doing everything the same way we have been doing it will only ensure that the problems will persist unsolved.