Net Worth Tax Reform Proposal

The delusion fantasy of the first of many rounds of the abomination stimulus package is over at a projected cost of over a trillon dollars counting today's mortage stimulus. And that is not counting further bailouts of economically unviable auto makers. Help GM and Chrysler avoid pain by saving your tax dollars by demanding politicans force them to take bankruptcy.

Rightfully, now depressed socialist dems along with the rest of us whom knew better that be fooled, it's still not too late to look forward and get ready ahead of time for the next round. Massive tax increases to pay for the delusional bribe. Which I suggest we consider a major tax reform package based on net worth.

The abomination is the classic Greek with an inital bribe or gift in hand--a trojan horse. So now that he has access, he can rob you on the backside in major tax increases slipped into appropriation bills like SCHIP. Bush did it. Barry is going to do it next. Here, take this stimulus and feel delusion for a while longer. So I can take it back in massive tax increases to pay for the fantasy.

Trying to still be optimistic going forward despite the Abomination performance to date, now might be the time to go forward with a massive overhauling of the IRS. To which I suggest a fair tax system worth consideration is a net worth tax reform.

Albeit it with the following cavaet. It must result in an overall reduction of federal tax receipts unlike the "Fair Tax", "Flat Tax" or any other regressive GOP-led tax scheme like a consumption tax. By ensuring a reduction in total federal collection of tax receipts thereby reduces the size of the federal government; instead of the Abomination plan that seems to want further expand federal agencies even more. Which is going to require expected and forthcoming tax increases to pay for the delusional abomination.

It is an obviously inherently unfair tax system. The richer you are, the richer you get by manipulation of the tax code regardless of your net worth. For example, Social Security tax limits. Why is this capped?

Well . . . because the rich benefit from it. While those who cannot afford expensive tax attorneys and CPA's, pay more in taxes. Especially, middle class America. Middle class America keeps getting screwed worse than most on the one hand. But then on the other hand, strangely gets buffaloed at election time and re-elects the same yahoo con artist politicans over and over that screwed them. This defines irrational behavior.

Now is the time for a net worth tax reform. Require a person to declare their net worth. And then get rid of all these schedules that allow the rich to avoid paying their proportionate share of taxes by legal manipulation of the tax code. Its either net worth tax reform reducing tax receipts, or learn somehow to lawfully manipulate the tax code like the rich do. Demand all income that increases net worth regardless of source be taxed. And get rid of all those tax schedules. Basically, the only form that should be required in a net worth tax reform proposal is a 1040.

Also, any tax increases should not be allowed to be buried in bills. There should be a clear declaration of any attempts to increase any federal tax revenue to be clearly listed at the beginning of any proposed legislation. Instead of lying some more about transparency.

Barry screwed up the stimulus. But with your voices, scream net worth tax reform with reductions in federal tax receipts before it is too late. And we can ensure we did not get screwed by seeing a reduction in net tax receipts by any government.