I strongly support a complete change to the way we fund the state and federal governments. I've been of the opinion for a very long time, that taxing production (labor, manufacturing, etc.) is suicidal to a nation's economy. I'd much prefer we tax consumption instead, which is why I find the Fair Tax appealing.
The old adage goes, 'If you want less of something, tax it. If you want more of something, subsidize it.'
The geniuses in our government don't seem to be able to figure that out. They're taxing the very things we want more of, thus penalizing production, and subsidizing the things we want less of, thus rewarding sloth. It just seems to be a hard wired level of stupid that practically needs a revolution to undo.
Thankfully, we now have a President who has just the sort of revolutionary mindset to get the job done.
As for California, I think the rest of the country will be laughing out loud at their folly in short order.
” I’d much prefer we tax consumption instead, which is why I find the Fair Tax appealing.”
It’s why I prefer tariffs gradually replacing income taxes. Like it used to be pre 1913.
“The old adage goes, ‘If you want less of something, tax it. If you want more of something, subsidize it.’
Yup. We want less imports and more jobs.
“The geniuses in our government don’t seem to be able to figure that out.”
The geniuses in our government want more Treasury sales and higher taxes. IOW more loot for themselves.