Re: Deficit Spending and Government Debt
- From: "Phil Scott" <philscott@xxxxxxxxxxxxx>
- Date: Wed, 17 Aug 2005 11:47:07 -0700
..
Please...you people are attempting to justify the stunningly
destructive net rate of taxation, that has already taken the
country irreversibly onto the slippery slope.
so what do you propose? Shifting the deck chairs on the
titanic. Not impressive.
The real cure (which wont happen) is an 80% reduction in the
size of govt to 1975 levels, we did fine at that level, and a
commensurate reduction in tax rates...its real simple.
We dont need a speed cop behind every bush or 5,000 koreans
(many who speak little english) filling the cal trans desk
jobs either.
and we dont need to be retiring CHP officers at age 51 with
120k per year either.
We cant afford it.. the solution is not shifting this bogus
tax burden, it is in eliminating it... and putting these civil
servants to work producing actual goods...that is what fuels
the economy.
Just to clarify my position...I think this notion of alternate
taxation schemes is sick... real sick. it nauseates me.
One can be brighter than that.
Phil Scott
"Mark Monson" <mmonson@xxxxxxxxx> wrote in message
news:3VwMe.9986$xW.2958@xxxxxxxxxxxxxxxxxxxxxxxxx
> William F Hummel wrote:
>> Deficit Spending and Government Debt
>>
>
>> http://wfhummel.net/deficitspending.html
>
> An alternative:
>
> The upcoming annual budget is set by local, state, and
> federal legislatures. Each citizen has an account in the
> central bank. Taxes are collected by the three levels of
> government in this way: local government collect land value
> taxes, state government collects broadcast spectrum rents,
> and federal government collects mineral extraction
> royalties. In addition, every able citizen pays poll taxes
> to the three levels of government. Poll tax paid to the
> federal government is the same for all national citizens.
> All citizens of a particular state pay the same poll tax to
> that state's government. All citizens of a particular
> locality pay the same poll tax to that locality.
>
> The expected annual revenues going to each government entity
> from rents and royalties are compared with the annual
> budget. The expected shortfall determines poll tax
> collections.
>
> In operation, each budget is divided into twelve monthly
> dispersements which are matched with twelve monthly resource
> rent payments and twelve monthly poll tax payments. A
> slight surplus is designed in.
>
> In the national central bank, each citizen has an account.
> From these accounts monthly taxes are paid by able citizens.
> Out of these accounts disabled and retired citizens receive
> monthly dispersements. Vendors to the government are paid
> each month through the central bank.
>
> At years end, there should be a surplus which is then
> rebated to the tax paying citizens on a per capita basis.
>
> Each dispersing government entity is responsible for paying
> its vendors as money comes into the particular government's
> account each month. When the government's account is empty,
> the vendors don't get paid. There is no government
> borrowing; no deficit spending. Should an unforeseen
> emergency require an influx of revenue before the next
> budget, by special referendum an emergency poll tax can be
> levied.
>
> MM
.
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