| ▲ | kemotep 5 hours ago | |
If I could wave a magic wand and get the policies I want, I would abolish essentially all taxes except a Land Value Tax. At an average of $10,000 per acre and a roughly 1.4 Billion acres of private property that we could “reasonably” collect on, that is $14 Trillion in Revenue per year. Split between the Federal, State, and Local governments proportionally, leaving around ~$8 trillion for the Feds. If we could keep the Federal budget under $7 trillion, then $1 trillion per year could service the debt. It would take nearly 40 years to pay it off at that rate. But if we save for 49, a Jubilee of Jubilee years, we could essentially wipe out all debt in this country. Real pie in the sky fantasy stuff to think people could follow an “eat your vegetables” tax and budget plan for 40+ years and also accept what is ostensibly a massive property tax hike, the least popular tax ever. | ||