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Comprehensive Tax Reform Could Bring Economy Back to Life

Marie169 Wrote: Apr 10, 2013 9:58 AM
Graduated incometaxes effectively nationalize wealth , so people stop trying to create it . Much easier to get the necessities from government . Only special talents insure capital creation ( sports, entertainment etc... ). Without the ability to create capital by the everage person stops working . We need something like the Fair Tax to stop government growth and incentivize the people to work .

WASHINGTON -- No single labor statistic speaks more loudly, or more painfully, than the announcement that the Obama economy created a puny 88,000 jobs last month.

Even more shocking was the Bureau of Labor Statistics report that 500,000 long-suffering Americans gave up looking for work and thus were no longer counted among the unemployed, falsely shrinking the jobless rate to 7.6 percent.

A stunned White House had little to say about it. Gene Sperling, assistant to the president for economic policy, blamed the minuscule numbers on the budget cuts, and by implication the Republicans, but could not bring himself to admit...