Dumb, dumb, dumb. If you tax something (raise the cost), you'll get less of it (econ 101). That will hamstring the economy. We should do everything we can to encourage spending and the velocity of money. Income makes economic sense as long as tax rates are reasonable, as people will always pursue more and more income (unless ridiculous amounts are confiscated by the leftists among us). We should eliminate all deductions, and more evenly distribute the tax burden on income. Make it simple (a postcard return), and get rid of the special interests' effect on our tax system.

Labels: moderation: insult