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	Comments on: Nathan&#8217;s Wonderful, Oversimplified Tax Solution.	</title>
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		By: Hitch		</title>
		<link>https://nathanshumate.com/nathans-wonderful-oversimplified-tax-solution/#comment-3299</link>

		<dc:creator><![CDATA[Hitch]]></dc:creator>
		<pubDate>Thu, 27 Apr 2023 14:31:10 +0000</pubDate>
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					<description><![CDATA[Honestly, I think that the US should adopt a straight VAT tax.  Period, end statement, no &quot;income tax.&quot;  When a rich person buys a car, it will generate more VAT than when someone buys an economy car.  Ditto on things like food--those with resources will indeed spend a lot more than those without (although,  you can bet your bottom dollar that Congress, in its infinite wisdom, will say that the poor can&#039;t/shouldn&#039;t/won&#039;t pay taxes on food.)

The tax situation as it is now is literally untenable. The infamous 1% pays 40% of the taxes. (Which is why every time I see that &quot;make the rich pay their share!&quot; it slays me.  Sure, it works for politicians to rally their base, as if the 1% are getting away with something, but....).  97.5% of all taxes are paid by the top 50% of earners, and the bottom 50% of earners pay the remaining 2.5%.

In short, you have nearly half the population with no real vested interest in keeping taxes low.  It&#039;s easy to manipulate people who think that the other half is &quot;getting over on them.&quot;  

I can&#039;t see this getting better, especially given the nearly violent divisions that are plaguing our society of late, until *all* citizens have some genuine, tangible, vested interest in how tax dollars are SPENT.  (And I would also add, all this nonsense about &quot;government money&quot; is just that...nonsense.  The government does not have money, period.  Only taxpayers have money. Every penny that comes from &quot;the government&quot; is OPM--other people&#039;s money, unless you&#039;ve paid in more than you are getting out. [Like my social security.  I&#039;ll never live long enough to get back everything I paid in. Same thing happened to my Grandfather.]).  

Anyway...it will never happen, surely not in my lifetime, but...it&#039;s distressing to see how the tax code really shakes out.  And the utter lack of accountability for all those WASTED tax dollars, too. (sigh).]]></description>
			<content:encoded><![CDATA[<p>Honestly, I think that the US should adopt a straight VAT tax.  Period, end statement, no &#8220;income tax.&#8221;  When a rich person buys a car, it will generate more VAT than when someone buys an economy car.  Ditto on things like food&#8211;those with resources will indeed spend a lot more than those without (although,  you can bet your bottom dollar that Congress, in its infinite wisdom, will say that the poor can&#8217;t/shouldn&#8217;t/won&#8217;t pay taxes on food.)</p>
<p>The tax situation as it is now is literally untenable. The infamous 1% pays 40% of the taxes. (Which is why every time I see that &#8220;make the rich pay their share!&#8221; it slays me.  Sure, it works for politicians to rally their base, as if the 1% are getting away with something, but&#8230;.).  97.5% of all taxes are paid by the top 50% of earners, and the bottom 50% of earners pay the remaining 2.5%.</p>
<p>In short, you have nearly half the population with no real vested interest in keeping taxes low.  It&#8217;s easy to manipulate people who think that the other half is &#8220;getting over on them.&#8221;  </p>
<p>I can&#8217;t see this getting better, especially given the nearly violent divisions that are plaguing our society of late, until *all* citizens have some genuine, tangible, vested interest in how tax dollars are SPENT.  (And I would also add, all this nonsense about &#8220;government money&#8221; is just that&#8230;nonsense.  The government does not have money, period.  Only taxpayers have money. Every penny that comes from &#8220;the government&#8221; is OPM&#8211;other people&#8217;s money, unless you&#8217;ve paid in more than you are getting out. [Like my social security.  I&#8217;ll never live long enough to get back everything I paid in. Same thing happened to my Grandfather.]).  </p>
<p>Anyway&#8230;it will never happen, surely not in my lifetime, but&#8230;it&#8217;s distressing to see how the tax code really shakes out.  And the utter lack of accountability for all those WASTED tax dollars, too. (sigh).</p>
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