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Author: CCinOC Big funky green star, 20000 posts Top Recommended Fools Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 757797  
Subject: Memo to Owebama: 7 Tips for 2nd Term Date: 1/13/2013 9:40 PM
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This was Fareed Zakaria's special report tonight on CNN. It will repeat later this evening. It's quite good, in my opinion.

http://globalpublicsquare.blogs.cnn.com/2013/01/13/memo-to-o...

I've always thought this...

Paul O’Neill, Treasury Secretary under George W. Bush:

I don't want people to pay taxes if they have $20,000 a year in income, but at $30,000, I might like for people to pay $1, just $1, so they have a - a legitimate claim for saying, "I'm part of the society and I don't pay a lot, but I do pay something."

Everybody participates and there's no game playing. It's a very efficient way to raise revenue.

Right now, it costs us $431 billion a year to administer the tax system we have. And the tax gap, the money we're not collecting that's theoretically owed, is $400 billion a year. We could do better than that. We can think better than that. And the president needs to lay that out for us.

Someone on the program, I can't remember who, said campaigning and leading are two different skill sets. We have in the White House someone who was a good campaigner but a piss poor leader.
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