Rand's plan is probably as close to me agreeing to an income tax just like Boortz's plan. What I love about Rand's just like Boortz is the relief for the lower earning income earners to actually have a chance for more financial security. http://news.investors.com/ibd-editorials-viewpoint/062415-758831-rand-paul-flat-and-fair-tax-a-history-making-game-changer.htm
Hey I want the Progressive Tax system to stay so when I become wealthy, I will abuse every loophole available and if not just lobby for changes. Plus over 70,000 pages of tax code is just not enough. So let's raise taxes on the wealthy then increase loopholes while everyone cheers the wealthy get 'taxed' more but in actuality they pay less.
You have not obviously seen Rand's plan which kills that blind rhetoric you just spewed. His plan eliminates the wealthy loopholes and cut government spending to offset the lose of 'revenue'. Yes the wealthy get a tax cut but they cannot get it lower than 14.5% unlike they could as of now. It sounds so good to say tax the wealthy 95% but when loopholes allows for the effective tax rate to go to 5-10% or low as 0%, what is the purpose. You are just screaming we are taxing wealthy (who was that Democrat that sounded like a r tard saying we are going to take each state and then white house yeeeaah) but the poor pay more of the burden per effective tax rate. You know how many POOR or IMPOVERISHED people that come in my office because individual income and have a balance. Sure believe what you want but I see the true effects of income tax and it is more poor than wealthy.
Puerto Rico is going to be next to default. China's stock market is deflating. Spain and Italy plus other weaker EU economies could be next in the next 5-10 years. The global poo storm is coming but hey don't worry we all can QE back to record highs :)
With rates being lowered artificially, the Fed has open up the door of greed. If you take a look at my graph. The first graph explains the positive correlation of interest rates and profit that shows how the short term economy reacts. If efficiency is no different and the rate of availability stays the same, as demand increases: profits increase, interest rates increase, growth increases. The same goes for as demand decreases: profits decrease, interest rates decrease, and growth decreases. Pretty simple to understand the economy is a positive feedback system. How does short-term implications project in the future? If the economy operates under same efficiency and under the same rate of availability: as demand grows faster than means of production, growth slows even though it is at all time highs in nominal terms (middle graph) and also as profits are at all time highs, the profits are marginally higher at a smaller percentage as the structure of production is stressed (bottom graph). Interest rates are very important in the sense of time preference which negates a lot times: greed, extreme risk taking, and our impulsive nature. Time is taken in effect in my middle and bottom graph. If interest rates are artificially lowered, projected growth is confused as it is taken as a new rate of higher growth in the long run and profits are overstated as higher profits are falsely accumulated at a faster rate than the equilibrium of the actual structure of the economy. Many projects are taken in this time that should not be, as interest rates adjust the boom slowly becomes the bust as many companies are left with unprofitable projects.