WHY THE INCOME TAX SHOULD BE REPLACED
In early January 2009 president elect Barack Obama made the comment that part of what was wrong with America was that not everyone “had skin in the game”.
Of course he was pushing his socialist view that everyone would have to sacrifice for the greater good - that the wealthy would have to start doing “their fair share”.
After all - weren’t the people on the lower rungs of the economic ladder already sacrificing because they couldn’t afford to live like the wealthy?
His observation that everyone should have “skin in the game” was on target but as usual he had the cause and effect completely backwards.
One reason the federal government gets off lightly on extorting so much from the private sector and spending and wasting so much is that almost 50% of American households pay no income tax. latest estimates put the actual number at slightly less than 80 million households.
They don’t have any “skin in the game”
So they don’t have an investment in America or in the government.
So they really aren’t concerned that much about government spending or how much the government extorts from others.
If we had a minimum tax for everyone, or better yet a sales tax instead of an income tax, everyone would have “skin in the game”.
Instantly we would have another 80 million households suddenly become interested in how much the federal government spends, where it is spent, how much is scammed from the government and how much is wasted.
They would begin to pay attention to what their elected representatives are actually doing - or not doing with their money.
That’s probably the main reason why most senators and congressmen don’t want to change the tax system.
An important point that neither side understands. Remember, it was Bush who bragged that he’d taken millions off the tax rolls.