The Flat Tax: How it Works and Why it is Good for America

This Center for Freedom and Prosperity Foundation video shows how the flat tax would benefit families and businesses, and also explains how this simple and fair system would boost economic growth and eliminate the special-interest corruption of the internal revenue code. www.freedomandprosperity.org

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[bmfdv]

@dab0331 oh no, we only had, slavery, civil war, frontier wars, incohesive state currencies, major poverty and wealth inequality (due to slavery and the reason for the civil war) , no infrastructure no services, low life expectancy. yeah i want to go back to the turmoil that was this country during the first 150 years

[Spjungen]

@dab0331 THANK you.

Look back at history before the 1930's...nowhere will you see complaints of a recession, depression, inflation, what have you. Now it's the norm. Government INFLICTS that pain on itself, AND its citizens.

It's the most counter-intuitive notion in history.

By trying to address something, government ALWAYS makes it worse.

The only things it should be left to are justice, defence, essential services, and SOME infrastructure.

That's IT.

[dab0331]

@paulb10486 you're an idiot. government's the problem. we never had such a problem on the scale of the great depression the 1st 150 years of our existence. it wasn't until government got involved and took the DISCIPLINES of the free market out of the equation did all this crap happen.

ur necio

[paulb10486]

@dab0331 Youre thinking of it in a micro perspective, which is your mistake. Economists are discussing this problem in a much more broader, macro discernment. Your understanding fails to consider the overall complexities of the marketplace.

Hyperinflation has been a problem at times, especially when you look at post WWI germany and, like Ive mentioned, Zimbabwe. But its never been a problem in the united states, which is what you were implying.

[paulb10486]

@dab0331 I agree for the most part. In fact, right now youre making the case for stricter regulations in the marketplace so irresponsible banks and financial institutions dont take such risks without their own peril. Those are the times when government is good; when they prevent big financial players from destroying not only our economy, but globalized markets abroad. When they become too big, too all-encompassing as they did/are, sound policies become a necessityto protect the enterprise forall

[paulb10486]

@dab0331

Thats absolutely not true.

[paulb10486]

@dab0331 You are thinking of command economies, which have failed.

Keynesian policies do nothing of that sort. It is quite evident that you are not familiar at all with its policies and principles.

Dont get me wrong - Im a free market guy, but I also understand, just as adam smith did, that free markets have its limitations. And without proper regulations and safety nets, they can be dangerous. Again, look into the gilded age, where americas economy was, in principle, at its "freest.

[paulb10486]

@dab0331

Not true - Just look at the bond market.

Now, the 08 economic bailout was terrible and unjust. I dont think anyone is denying that (see approval ratings on banks). But the fact is is that if it werent for those bailouts, we would have immediately seen our unemployment rate be at least twice the number it is right now in the states and around the world. Even some of the most ardent free market conservatives in congress at the time understood this basic fact.

[dab0331]

@paulb10486 keynesianism is the based on the philosphy that government knows best rather than the market.

some fields of work & companies are destined to perish & its workers become unemployed but that's the nature of improvement & change in demand. but they'll be replaced by new jobs becuz that's what the market demands.

[dab0331]

@paulb10486 "The problem with the housing bubble had a lot to do with speculation and lax regulatory policies, not the overbearance of government."

keynesian had everything to do with it becuz the philosophy is based on corporate welfare.