Fred Thompson unveiled his plan for a voluntary flat tax. The plan would allow taxpayers to choose to pay a flat income tax, charged at 10 percent for joint filers with income up to $100,000 or $50,000 for individuals and 25 percent on incomes higher than that.Whur? Even the Republicans, when putting forward a flat-tax proposal in the primaries (i.e., when they'll never be called on to add up the numbers, so they can make up damn well whatever they like) still put in two tax brackets in their flat tax?
That's... that's just sad, really. Get some spine, Thompson! Look at Ron Paul! He wants a return to the gold standard! That's some high-quality wingnuttery.
3 comments:
Just out of curiosity John, what would be wrong with a return to the gold standard?
I forget the economist who pointed this out, but a finite amount of gold in the world + gold standard = a recipe for highly unstable prices in the long run, and history bore this out in both the classical example, and the post-WWII Bretton Woods system.
I don't know, fiat money and its inflation hasn't exactly been great either....
Post a Comment