RINOcracy.com expects to take up the subject of tax reform in the near future. But lest tax day seem to pass without our notice, we invite your attention to a column in today’s New York Times by Andrew Ross Sorkin. As many readers will be aware, Mr. Sorkin is the insightful founder and editor of “DealB%k” in the Times. His column today is titled “Looking at Some Corporate Loopholes Ordinary Citizens May Envy” and is available here.
We will not expand on Sorkin’s column, except to note that we have never read a persuasive defense of the “carried interest” loophole. If any readers have one at hand, they are invited to submit it as a comment to this blog.
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We also expect to have something to say on the blossoming candidacy of Rand Paul who, for the moment at least, seems to have edged in front of Ted Cruz as the greatest threat to our chance of having a credible Republican candidate in 2016. In the meantime, Bret Stephens has an essay about Paul in today’s Wall Street Journal that puts a number of things so well (e.g., “bark-at-the-moon lunacy”) that we urge readers to find it here.
Mr. Stephens’s portrait of Paul is by no means complete: it does not mention the Senator’s reckless attacks on the NSA nor his palette of inconsistent positions on Ukraine. Nevertheless, it’s a start. (If there are any supporters of Senator Paul among our readers, they are invited to share their enthusiasm by way of comment to this blog.)
I guess if corporations stopped taking advantage of the “legal loopholes” then not only would “ordinary citizens” pay high tax rates but would also suffer higher consumer prices. I like flat rate taxes across the board and huge reform in government spending! DREAM ON! Yeah, I know, lots of government and private sector jobs would disappear so maybe a phase out would be acceptable. Jeesh, how would we ever get along without social engineering via tax law?
National politics? I want term limits and I want to be able to vote for all offices in the federal government, not just my district. For presidential elections, eliminate the electoral college and the winner is elected by popular majority vote.
Lobbyers – where do you start?? Eliminate that mess now!
I do not have a clue why politics attracts such poor candidates but I think the above steps would start to produce better candidates. Again, DREAM ON!
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