Friday, February 04, 2005

Real Tax Reform

How Much Tax Would You Like to Pay?

Diddling around with a tiny percentage of Social Security funds is not going to solve anything. Social Security, according to the Bush Administration, is in an emergency situation and we have to fix it before it goes broke. Well, what about this years' $1/2 Trillion budget deficit? Trimming that would help Social Security more in the long run, much more that a few % of workers' tax going to "private" accounts.
My favorite answer? Simplify the tax code to make it more fair, and easier for regular people to understand and control. We need real reform, and I like big ideas like this one from Stephen Moore at Cato.