Yes!, I need to do more reading on it but it sounds good.......I thought the flat tax was also a good idea, except for those with extreme wealth who go to every extreme to eliminate paying taxes, their 15% would be extremely small, but for the rest of us 10% would be more appropriate. Corporations ie; Microsoft, and Walmart who were taking advantage of the Corporate Vegas Loophole conspired by those who are responsible for creating tax liabilities within our given States gave them and others like them free passes which allowed them to pay no corporate tax for years. Corruption at its best, the means didn't meet the ends. The wealth of B Gates, and his family, like those of Walmart with their fleet of 22 corporate jets, speaks to how corrupted our State Politicians are, who would have been behind such legislation in the first place. If I'm not mistaken here in Wisconsin the annual losses were approx $250m annually when combining all those who were allowed to get away with it.
Supposedly this was closed following Minnesota's lead. This had been going on for years while property taxes have been increasing, and with corporations headquartered in these various States everyone else was carrying or paying what they weren't.
Your right!........changes really did to be made, our tax system works for all aspects of the mega rich but punishes those who have to work and bust their butts to just pay the bills. Most if not all of these public corporations founders/owners use the public to feed off so they and their Board Members, and hierarchy can bathe in their multi-million dollar comp pkgs/fail or lose in the company, or causes the company to lose money hand over fist, their severance pkgs alone can maintain their life styles for the rest of their lives, even for a few years of service.
What more needs to be said when this 1% of the population in the US controls more wealth than 90% of all the US population combined.
Politicians use the systems they've created, and utilize those they rub shoulders with/their connections or whose backs they scratch to enrich themselves. Its kinda like the legal Mafia, and unlike them they don't have to snuff anyone out to gain control, the just pass more legislation. Who authorizes the laws/rules of the SEC???????????and who heads the IRS?, look for farther than those good ole boys on the CAPITAL HILL, which appears to be higher that Mount Everest.
It may even be higher today when we take into consideration the Wealth that was lost to just Madoff. Believe me his family, whether its his sons, brother, wife, someone knows where he stashed that money. It could be within any 40 countries. Its been stated that his clients who invested directly with him or thru feeder funds never withdrew any money, but continued to invest more of their savings with him. One of many in Palm Beach, one old man approx 90 had invested 495m with him..........all gone, as if he needed to invest, this in itself is lunancy. Any of his family members can one day move abroad and live the life of a king. 5 years from now this won't even be news.
AI
