Meta-Blog

SEARCH QandO

Email:
Jon Henke
Bruce "McQ" McQuain
Dale Franks
Bryan Pick
Billy Hollis
Lance Paddock
MichaelW

BLOGROLL QandO

 
 
Recent Posts
The Ayers Resurrection Tour
Special Friends Get Special Breaks
One Hour
The Hope and Change Express - stalled in the slow lane
Michael Steele New RNC Chairman
Things that make you go "hmmmm"...
Oh yeah, that "rule of law" thing ...
Putting Dollar Signs in Front Of The AGW Hoax
Moving toward a 60 vote majority?
Do As I Say ....
 
 
QandO Newsroom

Newsroom Home Page

US News

US National News
Politics
Business
Science
Technology
Health
Entertainment
Sports
Opinion/Editorial

International News

Top World New
Iraq News
Mideast Conflict

Blogging

Blogpulse Daily Highlights
Daypop Top 40 Links

Regional

Regional News

Publications

News Publications

 
The New Libertarian: The Public Choice problem with Tax Reform
Posted by: Jon Henke on Sunday, January 01, 2006

Good tax reforms come - and go
How can a tax code be so messy and complex less than 20 years after Reagan's simplification?




Christian Sandström delivers a keen insight on the cyclical nature of tax reform, why we're due for a round of tax simplification, and why such tax reform that doesn't deal with the underlying public choice problems is almost destined for "gradual erosion" leading us back to the same place we are today.

I highly recommend the article.
Christian Sandström is a fellow at the Swedish free-market think tank Captus. He is currently finishing his two master’s degrees in economics and industrial engineering. You are invited to contact him at Christian-at-christiansandstrom.org or visit his website, www.christiansandstrom.org.
More articles from leading libertarians bloggers and thinkers are available at Neolibertarian.net. To be notified of new articles at The New Libertarian, click here 

.
 
TrackBacks
Return to Main Blog Page
 
 

Previous Comments to this Post 

Comments
To make a long story short, there will be no meaningful simplification of the tax code because there will be no benefit to the politicians for enacting such legislation. Well, my friends, the answer to that is simple: Get rid of the politicians. Smite them hip and thigh until they understand the sweet voice of reason. Join the Howard Beale Memorial Society and learn how that can be done, really done.

THE HOWARD BEALE MEMORIAL SOCIETY
We’re Mad as Hell and We’re Not Going to Take This Anymore!
lewwarden@pronet.net
http://www.NetworkCentralCA.net
 
Written By: Lew Warden
URL: http://www.networkcentralca.net
For a simple, effective method of revamping the Internal Revenue system, see the Automated Payment Transaction Tax, http:///www.APTTax.com/
The mechanism for its collection is already in place. It is how the SEC collects the revenues by which it supports its regulation of the US stock markets, with a nice piece of change left over for the Treasury. Howard Beale proposes to raise that levy to a miniscule .25 or .3 percent tax on all stock trades, one half to be borne by the seller and one half by the buyer. This is such a small fraction of the brokers’ commissions it will never be felt. We also propose to allocate those revenues to the restoration of the Social Security fund which the politicians have been looting for years, putting the receipts in a lock box to be invested in the same manner -- minus the purchase of government bonds, a slovenly and enormously costly method of raising money for whatever governmental purposes strike the politicians’ fancy -- as Congressional and other Federal employees’ retirement contributions are presently invested.

Fight back, folks. Let’s use our heads -- and the ballot box -- to persuade the politicians to change their ways.
 
Written By: Lew Warden
URL: http://www.networkcentralca.net
Ok, Lew Warden #2, where is Lew Warden #1 and what have you done with him?

Lew #1 laid it out quite correctly, if starkly: Get rid of the politicians if you want tax code simplification. Then Lew #2 proposes given them even more money.

If you expect to offer politicians a new mechanism to collect taxes in exchange for eliminating or even simplifying old ones, and you have some idea that they’ll live up to their end of the bargain, then you must have been living on some other planet for the past several decades.

And how can .25 or .3 % be miniscule if you expect it to suffice to "restore" the Social Security "fund"? And invest the money in your imaginary lock box exactly how? You want the Feds to be major players in the private equity markets? You are out of your mind.

Oh, yes, one other thing. Your web site URL is broken.
 
Written By: Bullet Wound
URL: http://www.qando.net/details.aspx?Entry=3168
Lew #2 is right on. I have studied the APT (Automated Payment Transaction) Tax and found it to be extraordinary. If you expand the tax base nearly 70 times that of the income tax, collect all the evaded taxes and underground transactions, while reducing the collection and compliance costs by $500 Billion, indeed you can deliver the same amount to the Treasury, including SS, at 0.3% per side of every transaction in the economy. Although, LEW #1 would make the job easier the APT concept can easily be embraced by either Blues or Reds. The question is whose up for a really new (2002), universally beneficial idea instead of those from the 1980s, ie. Flat and {un}Fair taxes that can never pass andeveryone knows it.
 
Written By: Bill Hermann
URL: http://
Lew #2 is right on. I have studied the APT (Automated Payment Transaction) Tax and found it to be extraordinary. If you expand the tax base nearly 70 times that of the income tax, collect all the evaded taxes and underground transactions, while reducing the collection and compliance costs by $500 Billion, indeed you can deliver the same amount to the Treasury, including SS, at 0.3% per side of every transaction in the economy. Although, LEW #1 would make the job easier the APT concept can easily be embraced by either Blues or Reds. The question is whose up for a really new (2002), universally beneficial idea instead of those from the 1980s, ie. Flat and {un}Fair taxes that can never pass andeveryone knows it.
 
Written By: Bill Hermann
URL: http://
Bill, Bill, Bill,

The problem is that the politicians are now telling us what we must pay the government. The solution is to tell the politicians what we are willing to pay the government. Offering them yet another mechanism to extract money is NOT HELPING TO SOLVE THE PROBLEM. Do you honestly believe that congressvermin will ever vote to relinquish an existing source of bucks? Do you still believe in Santa Claus and the Easter Bunny?

 
Written By: Bullet Wound
URL: http://www.qando.net/details.aspx?Entry=3168
No, trying to make the interim realistic and bearable. Spreading the burden to the largest tax base possible, would give the folks a taste of fairness and much lower rates. That would be a huge step.
 
Written By: Bill Hermann
URL: http://
No, trying to make the interim realistic and bearable. Spreading the burden to the largest tax base possible, would give the folks a taste of fairness and much lower rates. That would be a huge step.
 
Written By: Bill Hermann
URL: http://
No, trying to make the interim realistic and bearable. Spreading the burden to the largest tax base possible, would give the folks a taste of fairness and much lower rates. That would be a huge step.
 
Written By: Bill Hermann
URL: http://
How can a tax code be so messy and complex less than 20 years after Reagan’s simplification?
I think the entire premise is flawed, because it is not clear to me that the tax code was ever simplified under Reagan to begin with. There were signifigant cuts in rates, however that alone does not simplification make.

Reagans tax-cuts ended up being loaded with special interest tax breaks and loopholes by congress in order to get the support neccesary to pass. This can partially explain why the defecits that resulted were so much larger than were initially expected. Reagan sought lower tax rates, which he got, but in exchange got a much more complicated and messy tax code.
 
Written By: Rosensteel
URL: http://
Rosensteel, I agree the Reagan efforts were limited to the rate structure and left us with the 33,000+ pages of IRS code. Likewise, the current effort by President Bush’s Commission was informally directed to figure out how to relieve the elites from the AMT, the estate tax was already addressed and then the Republicans had to allow the (un)Fair Tax boys to blow off some steam for that ridiculous idea.
 
Written By: Bill Hermann
URL: http://
Well, it’s good to learn that there is at least one person out there, Bill Hermann, who has good sense.

As for the naysayers, do you really suppose government can operate on wind pudding? You meat ax "solution" of cutting the politicians off at the pockets entirely would put us at the mercy of those prisons full of felons of all manner and description, and those Al Queda nuts who want to saw our living heads off our poor fat bodies for the pleasure of their TV audience.

Of course we can’t exist as a civilized society without governments of some kind. And of course that means we have to pay for it. But we sure are entitled to get our money’s worth and not get sheared like sheep and milked like cows so that the masters of our society can live in lordly splendor, safe under the protection of the military and police forces we pay for.

And we are entitled to not be burdened by an unfair, oppressive and inefficient tax system that punishes those who work for a living while exempting those who clip coupons and indulge in stock market speculations and other forms of gambling and pay off the politicians who give them their most favored treatment.

So follow the money and take a little nip when that money changes hands, just a little bitty .25% from each side of the exchange, and do it all automatically by computer.

Such a system would be self-leveling. Those who get the most benefits from society, pay the larger proportion of the tax because they have more money to spend and play around with.

Why shouldn’t taxes paid be proportional to benefits received? What could possibly be fairer? It’s the next best thing to not having to pay any taxes at all.

Which we might get around to working on one of these days. Join the Howard Beale Memorial Society and you might discover just how that might be accomplished. See http://www.networkcentralca.net/ and fight back.

No, my website URL isn’t broken. Works fine when I and others check it, although it sure isn’t complete. Figuring out how to create a web site has been a real stormy adventure for me. Frankly, I’d rather be writing about problems such as how to create a sane tax system, to balance the budget, to get the country out of debt, to save Social Security from the plunderings of Bush and right wing zealots who cater to the ruling financial elites, the people who fancy themselves lords of creation and believe that God game them their wealth.
 
Written By: Lew Warden
URL: http://www.networkcentralca.net
"gave" not "game" Last clause, last sentence.
 
Written By: Lew Warden
URL: http://www.networkcentralca.net
Hi, guys. Thanks for the comments and infot. Lew #1 and Lew #1 are one and the same. When I sent the first post, a blank page came up and I couldn’t resist a second shot, but forgot to put in a PS. Sorry about that.

Check the Howard Beale Memorial Society site — just google the name. We’re collecting some good articles on a number of very basic issues. But I just don’t have time to take care of it all, to set up chat rooms, computer breakdowns, etc. Need help BAAAAD!
 
Written By: Lew Warden
URL: http://networkcentralca.net
Lew and Bill are right as rain. Forget about what Reagan did or didn’t do. Forget all this political nonsense. The fact remains that the rich and powerful buy the politicians of both parties and control Congress, the Executive and Judicial branches of the Federal Government, the massive Federal Bureaucracy, and just about every other state house in these United States.

Over half of our electorate—probably the smartest part—has opted out of political participation altogether. Their defeatism is understandable because they and everyone else in this country with a lick of sense, can see that the whole deck of cards is stacked against the disorganized individual who perforce has chosen to look out for himself and his family.


The other half the population is divided roughly equally between the two major parties, but only half or less of these people don’t bother do vote. Which means that only one fourth of Americans eligible to vote bother to do so.

And the politicians and their masters love it!! Because this leaves far fewer people — the sheep, really, that they have to manipulate and control.

Which means that one eighth of the eligible to vote population responds to one battery of sound bites and slogans, and the other one eighth responds to its own brand of stimulii. Each side hectors and exhorts its small flock to get out and yell at their opponents and, with a bit of luck, vote.


Google The Howard Beale Memorial Society and learn how political propaganda works and what problems and trigger points the great majority of Americans should work on to get rid of these rascals.

Get Mad! Fight Back! Get Even! Reclaim America.

Have a good day.

Marie
 
Written By: Marie Pangloss
URL: http://networkcentralca.net

 
Add Your Comment
  NOTICE: While we don't wish to censor your thoughts, we do blacklist certain terms of profanity or obscenity. This is not to muzzle you, but to ensure that the blog remains work-safe for our readers. If you wish to use profanity, simply insert asterisks (*) where the vowels usually go. Your meaning will still be clear, but our readers will be able to view the blog without worrying that content monitoring will get them in trouble when reading it.
Comments for this entry are closed.
Name:
Email:
URL:
HTML Tools:
Bold Italic Blockquote Hyperlink
Comment:
   
 
Vicious Capitalism

Divider

Buy Dale's Book!
Slackernomics by Dale Franks

Divider

Divider