Taxes and our Federal Tax Code

Former President Donald Trump (R) paid breathtakingly little Federal taxes compared to his wealth over the six years covered by his tax records, which the Progressive-Democrats so dishonestly, if strictly legally, released. And yet, despite those same Progressive-Democrats’ desperation to expose illegalities in his low tax payments, those same records prove he did nothing illegal; he simply took advantage of what our tax code—as enacted over the years by both parties as they held sway—plainly, and by design, allows.

Think that’s unfair compared to you and me? Think it’s not right that rich folks should have access to…loopholes…that us average Americans can’t reach?

Nah. For all the imbalance, there’s nothing unfair about it. The opportunities are right there in plain sight in our byzantine body of tax law. And they become increasingly accessible to us as we rise up our nation’s economic ladder.

Still the imbalance should be corrected, and that’s easy to do. Nor does it involve increasing taxes on the rich, although it does involve closing those…loopholes.

All it takes is two things.

First, we get rid of our existing income tax code, every jot and tittle of it.

Then we replace it with a new income tax code. That new code would eliminate entirely business income taxes—not merely zero out the maximum rate, eliminate that tax altogether. If it’s still on the books, it’s too easy to raise the rate later, even from zero.

Businesses don’t pay a significant portion of that tax, anyway; their customers do in the form of higher prices, and the rest of us do in the form of reduced rates of business growth, hiring, and wage increases—with the resulting reduced productivity—and in reduced rate of innovation.

With the elimination of the business income tax, businesses would be able to raise capital, grow, innovate, produce—make business decisions—based solely on the economic wisdom of the decisions. Having to dance around the tax code, having decisions influenced by tax advantage or disadvantage would be a thing of the past.

The new income tax code would include a low (10% perhaps) flat tax on all personal income regardless of source, and the code would have no subsidies, deductions, credits, what-have-you. No loopholes. Just: enumerate your income, remit 10% of that.

Now us Americans would be able to keep more of our money, make freer decisions concerning our needs and wants, have more to save for emergencies, future expenses, retirement. All based on our own view of our present and future economic situation, instead of having to do our own dance around the tax code.

Too, with everyone paying at least a little, the Federal government would see a net increase in tax revenue, and that increase would be even larger from the increased overall economic activity in a free market economy in which the private players, us Americans and our businesses, are more active.

Easy peasy. All it takes is political courage. And for us American voters to inject that courage by repeatedly firing those politicians who lack it and repeatedly hiring those who have it. After all, that’s what elections are for—they really do have consequences.

Federal Workers Working Remote

I agree with the concept, sort of.

The Federal Government Initiative, an NGO government watchdog, has noticed that current federal telework practices, implemented during the Wuhan Virus situation, are associated with a dramatic reduction in paid leave used by the federal workforce. The FGI has expressed misgivings.

Before the federal government engages in expanded telework in perpetuity, its impact should be investigated more fully by agency Inspectors General, Congress, and other oversight entities[.]

I agree that many—most, in fact—nearly all—Federal workers should be allowed to work remotely, and in perpetuity. Remotely, mind you, not via telework.

The Federal offices, especially the large ones, like Education, Interior(!), Commerce, Federal Reserve, Treasury, and agencies like CFTC, SEC, CFPB (these are not at all exhaustive lists) should be removed from DC and scattered around the middle-sized and small towns of middle America, of flyover country. Those offices should be among the people they serve, us average Americans, and away from the overweening influence of the bubble-residing coastal elites.

Here’s the deal, though: all of the employees should be required to come back to the office. No more teleworking. The remoteness of their work will consist of working in the small towns of the Midwest, the north, the Southeast, and the Southwest. They’ll get used to it, though, and they’ll learn that middle America isn’t all that remote, after all.

Think about Leaving

Portland business owners are more than fed up with the level of crime destroying their businesses. Their idea of who has the solution is misguided, though.

Frustrated business owners are calling on city and county leaders to do more to combat rising property crime in Portland….

This situation is not solely on the heads of Portland’s city councilmen or the county commissioners. The business’ fellow residents of Portland keep electing those councilmen and commissioners, politicians who’ve demonstrated their lack of commitment to order and rule of law.

Why would any business owner want as his customers folks who so consciously approve of and vote for such politicians? Those are the voters, after all, who then vandalize, rob, and otherwise trash their businesses. There are plenty of jurisdictions that do regard rule of law to be a Good Thing, and those jurisdictions have sound economies with plenty of room for businesses currently domiciled in lawless Portland.

Projecting

That’s what Russia’s Foreign Minister Sergey Lavrov is doing vis-à-vis the United States.

Washington went the furthest. … Some “unnamed officials” from the Pentagon actually threatened to inflict a “decapitation blow” on the Kremlin, but, in fact, it is a threat to physically eliminate the head of the Russian state[.]

This is the Russian thinking out loud about what he and/or his BFF and boss Russia’s President Vladimir Putin have in mind regarding our own government.

Another bit of Lavrovian projecting:

It is no longer a secret to anyone that the strategic goal of the United States and its NATO allies is “victory over Russia on the battlefield” as a mechanism for significantly weakening or even destroying our country.
…
…Washington is also solving an important geopolitical task—to break the traditional ties between Russia and Europe and to further subjugate the European satellites.

This, again, is the Russian thinking out loud about what the men of the barbarian government has in mind for themselves regarding Europe and Putin’s lost (and to be recovered and then expanded) empire. He’s also assuming that because the barbarian would do such a thing, other nations, per force, must be intent on those things.

I Don’t Watch the NBA

I stopped watching the NBA years ago when one team’s General Manager tweeted in support of Hong Kong’s then-freedom protestors. That GM was promptly canceled, not just by the Left, but by the NBA (he was forced to resign), as players, owners, sports commentators came out of the woodwork all yelling that there was money to be made in the People’s Republic of China; how dare this GM endanger their pocketbooks like that. The point of the freedom protestors’ protests has since been amply demonstrated by the men of the People’s Republic of China government.

The NBA’s utter disregard for morality, for anything resembling common human decency, continues. Enes Kanter Freedom, late of the NBA, has the tale.

The NBA [is the] “No Boundaries Association.” The NBA gives free propaganda to a genocidal regime[.]

This is the sort of thing that has drawn Freedom’s disgust, and mine:

NBA league owners all allegedly have over $10 billion invested in China and a video from the Washington Wizards showing Chinese Ambassador Qin Gang shooting free throws.

Freedom went on.

When the Muslims are being literally slaughtered in concentration camps in China, you [Adam Silver] are silent, and not only are you silent, but you’re literally working with this genocidal regime. You’re literally working with the most brutal regime in the world hand-in-hand and trying to make money and business over there.
Please look me in the eye and say you don’t know nothing about the 3 million people in concentration camps in China [who] are getting tortured and raped every day. Shame on you.

Freedom is being generous. Of course Silver knows that. Every man and woman in the NBA knows that. They don’t care. There’s money to be made.

This is another reason to ignore the National Basketball/No Boundaries Association and everything its members do or say.