Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Jim Robinson

First thing this Congress needs to pass is indexing income taxes.

If you index taxes to inflation you eliminate the government’s incentive to encourage inflation and benefit from it.

Starve the Beast.

Next: Implement border security along with a host of conservative populist legislation. Make Obama and the Dems suffer for the next two years.


23 posted on 11/05/2014 8:49:44 AM PST by 1010RD (First, Do No Harm)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: 1010RD

Indexing means nothing so long as the bureaucrats can decide how much of the actual increase in the cost of living that they will acknowledge. Social Security has been indexed for a long time and the official figures are ridiculously understated. If a REAL cpi adjustment had been used the whole system would have crashed long ago. The official figures say that $9.88 now has the purchasing power of $1.00 in 1950. In reality it would be more than double that. In 1950 working men were supporting famiies on sixty dollars a week or less. That won’t even pay the electric bill for an all electric house in many areas now. To be “comfortable” now, not rich at all but comfortable, a person needs to make in one year what a working man of 1950 expected to earn in a LIFETIME.


97 posted on 11/05/2014 10:05:35 AM PST by RipSawyer (OPM is the religion of the sheeple.)
[ Post Reply | Private Reply | To 23 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson