The high hidden price of paid-family-leave laws
The better policy is to allow people to tuck away $5,000 per year pre-tax in tax-free earnings accounts for all our personal needs. The Canadians do this, why can't we? We cannot because the politicians of both parties want to spend, spend, spend, and to cut $5,000 per year and offering a tax-free savings account would cut deeply into their spending. It's all about the politicians and their graft and corruption.
The best thing to do would be to tax only retail goods and services. If one wanted to earn but live a frugal life, they one can achieve low tax rates, if one wants to spend, spend, spend, then there are taxes to be paid as part of the spending.
Tax what you do not want or care less about, do not tax what you want. We should all want people to have high incomes (fight for $15 ring a bell?). We care much less about retail transactions; they will take care of themselves. The plus here is a federal sales tax will make people take a little more care with their spending habits, which would be a good thing. The other plus is it aligns the federal spenders with the people. Taxes can rise if the economy is doing well, and retail sales of goods and services are strong. This will make the people happy and fill the federal coffers.
Today the feds have no interest in your income or how much you have; they only want more of your income so they can buy more votes and spend lavishly on monuments to themselves. Wonder why they name highways and building after politicians? Monuments to pork bringers.
I am not going to hold out for the best case; I will be satisfied with the better case for now.
It is long past time to stop the politicians, especially the Dems from taxing us all for their special vote-buying ideas.
Thanks: "The high hidden price of paid-family-leave laws"