To: patton
Okay, thanks.
I gave this idea some thought a few months and have even put together a "position paper" on it. But I think we need a limit on collection, not spending. My idea was to limit tax collection to 4.5 percent of what I call "gross cumulative income" (GCI). The State (in my case WA) would not be able to collect more than 4.5 percent of the total income of the citizens. If the GCI goes down, then government collection has to follow. However, it could never go above 4.5 percent no matter what. The State could use various methods to collect taxes, but limiting the amount of money government could collect would stop the nickel-and-diming it does to us today. And they could never spend more than they collect.
13 posted on
07/01/2002 12:39:21 PM PDT by
DennisR
To: DennisR
False assumtion - what is to stop the state from deficit spending? Or are you including that?
14 posted on
07/01/2002 1:17:48 PM PDT by
patton
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