Romney tax plan is awful
January 10, 2012 Leave a comment
http://money.msn.com/tax-tips/post.aspx?post=0de0ad5d-1e48-4224-86b4-a8664b10fcf0
So Romney intends to tax the poor more and give the rich more tax breaks.
This is an example of why I despise Republicans generally. They use Jesus to convince people they have to vote for a Republican [notwithstanding the party is so removed from Jesus they are practically devil worshippers], and then attach their religious manifestos to economic manifestos.
The practical result is that since abortion for instance is a constitutional issue, voting for somebody based on their position on abortion is a non-sequitor, a form of moral support that doesn’t change anything…except that the people pimping that non-issue are using it to distract from their real purpose of returning us to a feudal society run by corporations instead of barons.
Ron Paul is the only Republican right now that I can really stomach and he objectively is more of a Democrat.
Here is what is most needed in a tax plan: simplify.
Eliminate as many loopholes as possible or reserve them for the poor and lower middle class who need them.
One of the most important things is reducing the number of taxes.
If done properly, that can be revenue neutral while dramatically reducing the cost of government. Most tax should be income tax and progressive.
One tax that should be abolished everywhere: property taxes.
I can think of no tax more heinous or regressive than a tax on real property.
If a man has earned a property, he should be allowed to keep it unmolested by the government, who in most cases will not even be a party to the purchase and sale.
Property taxes are sometimes used to pressure people to sell their homes so that it will be easier for developers to redevelop property.
Property taxes are tied to the presumed value of the property if it were sold, even if it is not for sale. There is no connection with ability to pay.
Propery taxes create a redundant taxing authority which can be entirely eliminated without any loss of revenue, other than from the taxes of the incomes of the parasites that run it.
Too often the governments play shell games with taxes, making lots of taxes, concealed taxes, and then drop the income taxes down to dupe the voters. That is an expensive, immoral and dishonest approach. It conceals taxation, which may be superficially popular, but the result is a more cumbersome tax system.
Municipalities should be funded differently. Funding municipalities through property taxes is a mistake.
Tax collection should be streamlined and equitable.
Imagine if there were a stereo tax, and every year you had to pay the government $50 for the right to keep using the stereo you already paid for, or they would take it away and auction it.
Or a fridge tax.
Or a car tax.
If any government did the same thing with any other kind of property there would be universal outrage.
It could be said that the property taxes paid for services. But that is a mistake. There is not much correlation with the costs of services and that can be addressed with a proper system of taxation and/or user fees.
If person A has a property that is assessed at $500,000 and person B has property assessed at $250,000, person A is probably going to be paying twice as much in property tax as person B even if person B lives in a location where the incremental cost of providing the same services is double.
In some cases, where person B makes less money, that may in a roundabout way have a result similar to progressive taxation. But the same result could have been achieved with greater certainty with a proper and higher progressive income tax, which would save the entire cost of the property tax system.
And, if person A is somebody’s retired and disabled grandpa and would will be forced out of the home he worked his whole life to earn, there would be nothing equitable, justifiable or desireable about the result at all.
I’d like to see it in the constitution: no property taxes.