No. of Recommendations: 32
My program:

Get the taxes back to pre-Reagan levels.


Taxes under Reagan were 18% of GNP. It's worth noting, however, that the taxes did not cover the expenditures, resulting in "Reagan’s deficits – 4.3 percent of GDP – were the highest in US history except World War II."
http://www.georgetowner.com/articles/2012/oct/31/history-tax...

So it would be fair to decide whether you want those tax rates - and that deficit, or whether a different structure would be valid. Not to put too fine a point on it, but if you wanted to pay for Reagan's deficits, the tax rates would be nearly identical to today.

By the way. Federal tax revenue as a percent of GNP under Obama: lower than under Bush II, Clinton, Bush I, and Reagan. There is a spike in expenses in '09, '10, and '11 thanks to the economic collapse in '08, but even that is beginning to come down and now stands lower than 4 of Reagan's 8 years.

http://en.wikipedia.org/wiki/United_States_federal_budget#me...

Quadruple the size of the IRS.
Spend money on infra structure in this country not in Israel or Iraq or Egypt.


I'm OK with this.

This is not rocket science.

Based on how hard it is to get accomplished you'd think it is.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement