In response to:

The Laffer Curve Wreaks Havoc in the United Kingdom

Anthony444 Wrote: Jul 02, 2012 2:21 PM
Slow down cowboy. Getting rid of the IRS would be a major step forward in the right direction 17th & 28th Amendments? I'd have to look, but I'm guessing those are federal tax powers? Not so easy to amend the U.S. Constitution. If by a "flat tax" you mean a national sales tax, then I'd be for that if everyone pays the same % both individuals and businesses. Then there are no loopholes or special deals for anyone. Tariffs are the economic equivilent of warfare. Before you go there, you want to know a) there's no better way to resolve the problems, and b) we can win at this. I'm not sure we know enough, but we do know that treating our competition as adversaries will create enemies. And it's omportant to pick your enemies carefully.
Reginald10 Wrote: Jul 02, 2012 3:33 PM
Amendment #17 is for popular election of Senators. Previously, they were selected by the States' governments, and looked after the States' interests. We now lack that, and need it, so I've favored #17's repeal.

There is no 28th Amendment. See http://www.usconstitution.net/const.html for details.
Or did you mean to propose that a 28th would repeal the 17th Amendment?

Back in 2010, I excoriated the new Prime Minister of the United Kingdom, noting that David Cameron was increasing tax rates and expanding the burden of government spending (including an increase in the capital gains tax!).

I also criticized Cameron for leaving in place the 50 percent income tax rate imposed by his feckless predecessor, and was not surprised when experts began to warn that this class-warfare tax hike might actually result in less revenue because the reduction in taxable income could be more significant than the increase in the tax rate.

Related Tags: united kingdom