In response to:

If You Want Good Tax Policy, Choose Jersey- but not New Jersey!

johnm h Wrote: Nov 11, 2012 7:12 AM
The tax and regulatory code is the reason large corporation managers, financial institutions and the very wealthy do so well and the rest of us pay for it. Who is going to write tax codes and create loopholes, and shape regulations, ordinary folks, small business or the giants? Some things should be obvious. We can disagree on rates, incidence and type of taxation but simple transparent and uniform must be the goal. Any and all complexity will be shaped and used by the most powerful.
Eric1945 Wrote: Nov 11, 2012 11:33 AM
Unfortunately transparency in DC means something very different to those of us living everywhere else. The only fair tax is a flat tax, one that's based squarely on net income. No loopholes, no deals. To get anyone in our nations capitol, especially those on the liberal side of the aisle, to agree to a plan that's as fair and truly transparent as this one would be a virtual impossibility. Politico's use our present tax code as a means to either punish or reward those larger corporations that seem to hold so much sway in present economic circles. There's also the sticky issue of including those least able to afford their fair share of taxes... a non-starter. I think they've got us over a barrel johnm.
Arley2 Wrote: Nov 11, 2012 11:44 AM
You're right, Eric. The best tax system is the Fair Tax Plan for many reasons including the US would then be a "tax haven" country and businesses would flock here.

I’m in Jersey, where I gave a speech last night.

But not New Jersey, the state where you shouldn’t die. That’s the state that many people have been fleeing because they don’t like paying confiscatory taxes to finance bureaucrats who make as much as $320,000 per year.

Instead, I’m in the Bailiwick of Jersey, which is a UK dependent territory off the coast of France. Jersey is a so-called tax haven, which I applaud because it helps

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