New! Improved! More! Better! Shinier! Funnier! More insightful! Yes, it’s today’s edition of the “illustrated edition,” complete with incredible cartoons thanks to Caped Crusader:
I’ve been playing catch-up today, with some success. I managed to get about 50% of my to-do list completed, which is pretty good. And now I get to share with you the fascinating stuff that crossed my computer screen today:
Anyone for a flat tax?
I’m not feeling it for Rand Paul, who doesn’t strike me as being stable enough to be president. However, I do like his idea that we get rid of the entire IRS and go to a straight flat tax of 14.5% (if the pay wall blocks you, try finding the article at this link):
My tax plan would blow up the tax code and start over. In consultation with some of the top tax experts in the country, including the Heritage Foundation’s Stephen Moore, former presidential candidate Steve Forbes and Reagan economist Arthur Laffer, I devised a 21st-century tax code that would establish a 14.5% flat-rate tax applied equally to all personal income, including wages, salaries, dividends, capital gains, rents and interest. All deductions except for a mortgage and charities would be eliminated. The first $50,000 of income for a family of four would not be taxed. For low-income working families, the plan would retain the earned-income tax credit.
I would also apply this uniform 14.5% business-activity tax on all companies—down from as high as nearly 40% for small businesses and 35% for corporations. This tax would be levied on revenues minus allowable expenses, such as the purchase of parts, computers and office equipment. All capital purchases would be immediately expensed, ending complicated depreciation schedules.
The immediate question everyone asks is: Won’t this 14.5% tax plan blow a massive hole in the budget deficit? As a senator, I have proposed balanced budgets and I pledge to balance the budget as president.
Here’s why this plan would balance the budget: We asked the experts at the nonpartisan Tax Foundation to estimate what this plan would mean for jobs, and whether we are raising enough money to fund the government. The analysis is positive news: The plan is an economic steroid injection. Because the Fair and Flat Tax rewards work, saving, investment and small business creation, the Tax Foundation estimates that in 10 years it will increase gross domestic product by about 10%, and create at least 1.4 million new jobs.
The wonderful thing about going through my emails is that I find awesome political posters as well as some just plain hilarious ones that also need to be shared. If I were to review this “illustrated edition,” I’d say, “I laughed, I cried, I came away with the sense that Leftists are indeed insane!” Many thanks to all who contributed, especially Caped Crusader, who is responsible for the lion’s share.
This is the first day in two weeks where I haven’t been (a) taking someone to a doctor or (b) frantically trying to beat some insanely urgent legal filing deadline. I’ve celebrated this wonderful day by (a) practically sterilizing the room of an unwelcome house guest who left a surprising amount of chaos and filth in his wake and (b) trying to catch up on my blogging. I’ve already done the long post about our very small window of time within which to ward off tyranny. Now comes the catch-all post, with interesting articles I’ve snagged over the past few days.
Guns aren’t the problem
All the bleeding hearts on my Facebook feed are at it again, chiming in with President Obama to say that killings will magically stop when guns are equally magically gone. We know from the evidence of other nations and our own cities that the gun genie is already out of the bottle. The only thing that happens when government uses its might to ban guns is that honest people are rendered helpless while criminals and government (but I repeat myself) have unlimited, unstoppable power. Anyway, here are a few common sense link about guns:
It was an 11 hour work day yesterday and I’ve done 8 hours today and am not done yet. I plan to blog tonight, but I planned last night too — and then was so tired I couldn’t move a finger. I’m a little less tired tonight, and I’ll be at my computer anyway, so let’s hope something good happens.
Until then, would it be an imposition to you all to ask you to treat this as an Open Thread and fill it with wonderful things?
It’s 12:30 a.m. on a Friday morning, and I’ve just finished a hellaciously busy 17 hour long Thursday (spilling over into Friday), which came on the heels of a just plain hellacious Wednesday. I have to go into the client’s office very early tomorrow morning, but after that I think I’ll have a little respite and be able to blog. I certainly have a long list of saved articles that I want to share with you.
I hope you all don’t mind manning the fort with this open thread in my absence. To sweeten the pot, here are a few cartoons I’ve been gathering over the past few days. (I’ll save the really good ones, from Caped Crusader and a few other helpful friends, for a dedicated illustrated edition.)