Greedy billionaires, corrupt politicians & the loopholes they create
June 30th, 2004, 1:47pm by JakeSorry to infuse The Board with politics again, but this one just really ticked me off, and this is the only soap-box I have. Anyways, read here (original LA Times article) about the unfortunate dilemna we put California’s luxury boat owners in– it’s a real tear-jerker. Then read the cogent response composed by one surly Yahoo! user, who raises some points unaddressed by the article.
After reading this article, I decided we should implement the following to end all of our tax loopholes at once:
- Eliminate all income taxes
- Impose a national sales tax
- Since the ultra-wealthy will manage to avoid these taxes (thus costing our country jobs), exempt all purchases of luxury items (i.e., anything over $50,000, except only houses over $1,000,000; the middle class don’t know how to evade taxes).
That’s it! We solve all our tax problems in 3 easy steps. Who’s with me?