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I have big hopes for the tea party, as a libertarian when government "helps" it hurts. You look back through history, most bubbles/recessions were caused by hor
by curt 16y ago
I have big hopes for the tea party, as a libertarian when government "helps" it hurts. You look back through history, most bubbles/recessions were caused by horrible government policies. The unions, big business, big finance, and government all use law and regulations to gain and maintain power. For example I had to shut down my last business when the industry leader hired a bunch of lobbyists to write legislation that caused my costs to increase so much I couldn't stay in business.
What I'm hoping for is an even playing field where everyone plays by the same rules. If you're wealthy you hire a lobbyist to get you a tax loophole or waiver. There's a big difference between a small business owner making $500k a year and Google. The small business owner pays a 35% tax rate while Google can hire an army of lawyers to game the system for a 3% tax rate. Why not get rid of all the deductions and have flat 10% tax rate. The government would raise the same amount while increasing the economy's growth rate and helping business save millions they currently waste on lawyers and accountants.
One set of simple rules for everyone. That's my hope.
- cmelbye 16y agoYou can't seriously hope that reform like that will happen under the current state of the tea party. It's turned from a grassroots libertarian movement to Palin's branch of the Republican Party.