A Better Tax System

HA Seattle: "FWIW … my dream system:

1. We should have two taxes .. one income and one of wealth.

2. Everyone should pay some tax, but the percentage should increase as income rises above levels needed to maintain basic needs, a middle class existance, and different levels above that. Set asides for savinf should exist but should be flat.

3. Social security, basic medical care, basic education should be paid by the government and should come out of the general tax. (No FICA)

2. Wealth should be taxed in a manner that reflects its productivity.

3. Universal needs for healthcare and education should be borne by the government. This includes k-12. Above that, the government should have scholarships based on need and ability. Univeral education should nto incur debt.

4. Bonding should be replaced by a current investment accounts, supported from the general fund. It idiotic to use binds for highway maintenance. BTW, the current misuse of the social security trust is an example of how this cold be done if the funds were from the general tax.

5. The dollar should cease being the world currency and we should have a national bank that directly controls the money supply.

…all said in ignorance of economics but out of a lack of conviction that economists know what the fuck they are doing."

Here is the beginning of my post. And here is the rest of it.