No. of Recommendations: 2
We, in no way, need to be taxed more. We need tax reform to make the revenue more efficient in relation to the GDP growth. In other words, we need a broad based tax to replace the current taxing structure.

Well, listen to where I'm coming from. Let's say you make all the right moves and now you have no debt and no additional income. All is paid for with present funds. Great! Then let's say we get involved in a major war and those funds no longer cover. Okay, how do you pay for it if not raising taxes?

In my Town we don't really have a so called balanced budget since we set the property tax rate to a level that will pay the bills. Our rates are one of the lowest around. Anyway, let's say the Town people decide to pay to install gas infrastructure throughout Town. There's a cost to that. Taxes go up to cover it. We, as a country, are not doing that. Sorry, Nordquist is wrong and so are the people who sign his pledge.

Print the post  


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.
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.