Thursday, April 27, 2017

Get Ready For the Lying Olympics

I am so fired up right now. I haven't been this excited since Christmas morning, 1964. Seriously, the next several weeks are going to be awesome...Trump just released his tax reform plans, and you know what that means. "Let loose the dog's of hypocrisy," someone will shout, and the full flowering of literally everything that is wrong with Washington DC will be laid bare before our very eyes and ears. You're going to need a scorecard to keep up with all the flip flops, prevarications, disingenuousness and flat out whoppers on display everywhere across the political spectrum. I've prepared a cheat sheet to make it easier for you...

Republicans 

When you hear one of these people downplay the negative impacts of deficits and the National Debt, you are being scammed. When Obama was in the WH, the skyrocketing national debt was a travesty.

Whenever you hear any Republican say that a giant infrastructure spending plan will add some multiple of value for every dollar spent, you are being scammed, since when any Democrat said the same thing over the past twenty years they screamed that the spending multiplier was a myth.

Democrats

When you hear a Democrat professing grave concern about ballooning debt and out of control deficits, you are being scammed, since over my entire lifetime they have exhaustively proven that they couldn't possibly care less about debt, or deficits.

No matter what is actually in Trump's tax plan, it will be excoriated as a giveaway to the rich. Even if it could be proven that 99.9% of the tax cuts were going to the poor, it wouldn't matter. It's a giveaway to the rich if even one rich guy gets one dime of tax relief. You could look it up.

In other words, our politicians have absolutely no credibility on this issue, but that won't stop them from catawauling back and forth debating tax policy. It will be infuriating to watch, but I won't be able to avoid it since it will be everywhere. By the time it filters down to social media, it will be even more garbled and partisan than ever. Rich vs. poor. Blue state vs. Red state.

I know what you're thinking, ok Smarty-pants, what's your plan?? Well, for starters, I'm just a private citizen so therefore, it's not my job to have a plan. But since you asked...

A flat tax would do quite nicely, thank you. The rate could be negotiable...15, 17%? Exempt the first 30,000 or so of income to protect the poor from having to actually pay federal income tax. To prevent the rich and connected from weaseling out of their obligations by paying an army of accountants to hide their income, eliminate all deductions. After all, that's what a flat tax is...a flat rate for everyone,  with no deductions. But Doug, but Doug, some rich people would end up paying less!! So what? Many more would end up paying a lot more since carried interest wouldn't be available as a tax dodge, and they could no longer have their McMansion subsidized by the rest of us. But Doug, but Doug, a flat tax would lower revenue to the government!! So what? I've had MY revenue lowered by the government plenty of times and guess what...I adjusted. So will they. By the way, I've done the math, and I would wind up paying more under a flat tax with no deductions, than I do now...and I'm still for it!

Before you start ripping a flat tax, ask yourself this question. If by instituting one you could, as a bonus, do away with all of this infuriating weasel language coming out of Washington for the next couple of months, wouldn't that alone make it worth doing??