Quote:
Originally Posted by GP_Matt
I quite like the flat tax. And in a previous post I broke down pretty clearly that it isn't exactly a flat tax because of the personal exemptions. If I recall right Slava, you responded to my post with the statement that you didn't really want the tax to go up as it would cost you more money personally.
Raising taxes might make sense if we had a revenue problem but I think we have a spending problem. And for those advocating that we need to raise taxes to build a nest egg for the future that sounds way too much like you think the government should be taking our money and putting it away for the future because we are incapable of doing it ourselves.
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Of course I don't want to pay more tax! Who does? That said, just because I personally don't want to pay more doesn't mean that its not the right thing to do.
Its not only about collecting a bunch of money and saving it though, its about using the money we get from a one-time non-renewable resource for something longer term than reducing my tax bill for the next decade. The fact that we can't figure out anything better to do with that money is actually rather disappointing.