Rick Perry Joins The Flat Tax Brigade, Is A Strong Dollar Next?

Forbes ^ | October 27, 2011 | Nathan Lewis

[casinva]

First of all, let me congratulate Rick Perry, and Republicans in general, for focusing on the idea of less spending and lower taxes. This is the complete opposite of the kind of “austerity” approach that fiscal conservatives often stumble into during times of budget distress.

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The first reaction of government insiders and their corporate cronies is never to cut themselves off, but rather to reduce important services. Thus, we get the same waste and theft as before, fewer services, and higher taxes.

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Less spending should be focused on cutting waste and graft, and preserving, as much as possible, the important services that actually benefit the citizens.

Perry’s “flat tax” plan aims for the latter

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It’s very exciting today to see both Perry and Cain with aggressive tax reform plans. After the failure of the Keynesian approach, of wasteful government spending and monetary fiddling, it’s the only thing that promises powerful results. Ron Paul supports the elimination of the income tax altogether, and the implementation of a national consumption tax or even no new tax at all (apparently retaining the existing payroll tax, which is a sort of income tax, and having a much smaller federal government). Three different approaches, all valid.

Now we have to do something about the dollar. The principle of a dollar linked to gold, instead of subject to the whims of Ben Bernanke as he attempts to create jobs and prosperity out of monetary trickery, was for a long time a cornerstone of conservative economic thinking in this country. Ron Paul is already there; Cain is halfway there. Steve Forbes and the late Jack Kemp were always on board. Rick, are you in?

[casinva]

The value of a tax plan and the value of the dollar may indicate the value of a man in his political role.

Ron Paul is already there; Cain is halfway there. Steve Forbes and the late Jack Kemp were always on board. Rick Perry, are you in?

[casinva]

Ping please.

[familyop]

"Now we have to do something about the dollar."

Pass a bipartisan law to outlaw exports and imprison all domestic producers. That would have the same effect. Many of those who crow about "free markets" while engaging in treason for their foreign communist pals want to unnaturally prop the dollar up to fix their game. They're also the ones behind whacko environmentalist/animal worship regulations against domestic business in lieu of honest competition.

Let the dollar adjust to the global business regime, or fess up, socialists.

[familyop]

Flat tax, yes, BTW. But no greasy, new taxes.

[Paperdoll]

What a bunh of wimpy copycats! LOL!

[mylife]

Copy cats? Nein! nein! nein!

[Paperdoll]

;o) A pretty good one, mylife.

[mylife]

I thought it was pretty lame myself. ☺

[shield]

Perry Ping....

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[Retired Greyhound]

A strong dollar is a no brainer.

Every GOP candidate should commit to strong dollar policies.

[Paperdoll]

I might even be tempted to borrow that line a time or two, with your permission.

[mylife]

Feel free.

[achilles2000]

There are no new tax ideas - just variations on ideas that have been around a long time.

[hocndoc]

A very significant part of that op ed concerns the number, 20%, that was chosen for the plan. The author compares it to Singapore’s eight brackets, which end up with the same effect.

[casinva]

There are no new tax ideas - just variations on ideas that have been around a long time.

Yea, but there have also been many couples in love throughout the years, but that doesn't make my own husband anything other than the only one in the world for me. :-)

Everybody now......... awwwwwwwwwww...........

[achilles2000]

Congratulations! Everyone should be so happy.