Money, Taxes and the 2016 Election

This election is the time to get a candidate to commit to changes in our tax laws and give us a flat tax.   Presently our tax code is nearly 70,000 pages.  We need a candidate that will stand on a stage with 70,000 pages on one side and a two sided paper in his hand.   Very easy to get the citizens to understand our growing tax code that nobody understands.  The tax code is so large because our honest members of Congress do their best to pass an addition to the code to benefit their benefactors and the last thing they want is a change even though they may claim they do.   So what we need is a double sided one page tax code that would give us a flat tax of 15 to 17 %.  We would only have one deduction for charitable donations and the first $30,000 a person makes would not be taxed.  This tax would also include social security deduction.  And to benefit those collecting Social Security, the first $20,000 would not be taxed.  All this you could fit on one page.  Now which one would the people choose?  The 70,000 page tax code that nobody understands or the one page code.  Combine this with an actual cut in spending to reduce our $18 Trillion burgeoning deficit. 

All we hear is congress coming up with a plan to balance our budget over 10 years.  Meanwhile, as they attempt to do this, the deficit will continue to grow so that by that 10 year period our deficit would be closer to $25 Trillion.  Of course they do not tell you that little bit of information.  What many people do not understand is that every year, agency budgets have a built in increase from approximately 7 to 10%.  So when congress claims they have cut the budget to a particular agency, they have just cut the percentage of increase already built in.  So the 7 to 10% may become 4 to 8%.  Some cut.  But the members of congress on both sides of the aisle can go home to their constituents and claim the cuts they made.  Just more lies and deception since most voters are clueless on how the system works.  That is why you need a new tax code and real and actual budget cuts above and beyond the so called built in increase.  Both political parties lie to continue this charade since they are really only interested in getting elected. 

Another reason we need a new direction who we select for our next president.  We cannot go with the establishment candidates both parties want us to select.  That is Hillary or Jeb.  It will be the same old thing with these two.  Whoever the eventual candidate is for either party, they must show the voters how they are going to change the tax code and reduce our deficit.  Because if you think what is happening in Greece is just a European problem, look again at our deficit that is growing the same way Greece has.  Government making promises they cannot keep, spending money they do not have, promising people unemployed an endless supply of unemployment checks.  Margaret Thatcher had it correct when she said, “socialism is great until you run out of other people’s money”.  That is what happened in Greece, spending money they did not have by borrowing from the European Union and offering fantastic benefits, like early retirement, rich pensions, 6 weeks vacation and long and extensive unemployment checks.  If you think we are not heading down this same road, then either you just arrived on this planet, are clueless or you believe we can just tax the rich to pay for everyone else.  Some day the money runs out as it did in Greece.