53 trillion dollar total debt

Simple version

Eliminate Income Tax at a federal level

Have a national sales tax around 18% on all non essential items

this would eliminate the payroll tax thus lowering the price of goods (not to the level they were but close) still the same things that are not taxed would still be not taxed

Leave a state income tax up to the states (like it is today) and start cutting multiple government programs leaving things to the private sectoe or states themselves.

my .02

 

That doesn't solve the problem at all. The problem is massive government spending! You are only talking about the money government collect, not what they spend.

Yes, I assume you will be willing to cut defense budget by 40%, get rid of homeland security along with others like FDA, FTC, education, etc.

 

The last sentance is calling for muliple cut-backs or the elimination of goverment programs it will be up to the counties and states to tax on for THEIR programs.

This country was founded on states rights

 

Ya, that will do it, lol.

 

There will never be any radical changes to the volumous Federal Income Tax system because as it has developed incrementally, there have been thousands of political compromises between thousands of special interest groups that can never be appeased. Also, the entire economy has adjusted and conformed to the existing system and radical changes would have unintended consequences, i.e. if you changed to an all sales tax system, people would spend less money and many business would fail, or if you eliminated the mortgage interest deduction, it would decrease the demand for housing and drastically lower existing home values.

Tax reform on the scale Huckabee talks about is politically unatainable.

 

Crazy question that just hit me. Would you support your State (especially if it is good financial shape like Texas is) printing its own money? It is not explicitly forbidden in the US Constitution, and many States have proposed it from time to time. Texas could back its own currency with something solid bought with the surplus, and it could be used as a parallel currency to dollars.

It might even be better for the residents than a property tax break.

 

Cutting 100% of the discretionary spending in the budget won't come close to solving the problem.

The sales tax is completely irrelevant as well - the method the government uses to raise revenues is a totally separate issue.

 

What purpose would that serve? It would be the opposite of what Europe has had so much success with. There would be new fees to pay whenever someone tried to do business between Texas and another state.

 

Then we can write a new constitution. We'll call it The Articles of Confederation. It's Brilliant!

 

Yep, need to cut benefits and/or raise taxes for SS.

They can raise the retirement age to the upper 60s (higher is probably needed).

They can raise the earnings limit on which SS taxes are levied (currently on earnings up to $97,500).

Then after doing that, they can index benefits to inflation and maybe index the retirement age to life expectancy?

When SS was conceived, life exptency was in the lmid 60s, so you were only going to receive benefits a few years. Now life expectancy is 77.8 years.

 

For the record. . . why is this better?
This put the money in the hands of a few
where as my original statements put it in the hands of the government
to distribute to the many

Rocket River

 

The ron paul scenario is great in a fantasy world where externalities don't exist. Unfortunately we live in a different world.

 

I don't really like the idea of US military personnel being used as mercenaries to make money for the government. Anyway, I don't think our allies would be too happy if we suddenly decided to demand payment for the troops we station in their countries.

 

AAAAAAMMMMMMMEEEENNNNNNNNNN

Shame he won't though. The average person is so nieve about this sort of stuff.