Reflection of America's Mentality

[ChunkyMonkey]

I don't think any form of income should be taxed any different. We are currently making middle class people pay a higher taxrate than hedge fund managers. This inturn cause countless other problems in our economy and gov. It incentivizes gambling and not investing in sound businesses.

What I would do is make losses deductible from income to cover your "risk" and then make losses in the dollar over time to inflation deductible over the time of the initial investment. The last one is key because it would stop all the manipulations of the CPI (consumer price index or rate of inflation). Currently the CPI has been manipulated by the bankers and the gov they own to never show the true rate of inflation anymore. This makes it easier for them to never give you a raise (because most people don't get it) and to allow the gov to never keep SSI payments at the true cost of living change. If the CPI effect wallstreet like mainstreet, then we would get the truth. If we use the metrics used in the 1960s to measure inflation, inflation would be shown to be in the double digits for over 2 decades. Not the fantasy they sell us.

Then push for flat tax. Oh wait.. that aint fair per the left. The system is originally designed to encourage growth - however corrupted, it is still doing what it's designed to do. Anything extreme is bad.. extreme growth typically = corruption.. Nevertheless, what you are purposing sounds like 'the great leap forward,' fair taxation and workers' rights. We know how that turned out.