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Showing posts from April, 2007

Finally a Fair Tax!

Maybe it's not all it's cracked up to be but folks over at fairtax.org have what looks to me like a long overdue fix to our horrible tax system. Their premise is that it would be far easier (simpler to define, simpler to run, simpler to monitor) to tax consumption rather than income. In other words, have a federal sales tax replace the federal income tax.

To me this has the following advantages:

No more filing tax returns (except for those states that have income tax).
No more taxes on savings. The more you save, the less taxes you pay.
The tax base is expanded from those who have legal work to everybody that buys stuff. This includes illegals, tourists, etc. Basically anybody who buys stuff in the US.
Makes the US more business friendly. No more worrying about corporate income tax. No need to incorporate offshore to avoid taxes.
Lower prices. The current income tax is built into the prices of our products. If you buy an apple, the price includes income tax for the worker t…

Global Warming?

Global warming has become quite an issue lately. Temperatures are rising but that seems to be just about all anybody can prove. There are so many slogans and sound bites on global warming that it's hard to tell what's really going on. Well, here's my opinion:

The problem with global warming is that it is a very complex issue that too many people are trying to oversimplify (including Al Gore). The real "inconvenient truth" is that we simply don't know enough to make some of the judgements that are being made.

Is global warming happening? Yes. I doubt you'll really find anyone knowledgable on the subject that doesn't think it's happening. That's the easy question.

Are humans causing it? Nobody really knows. There is some evidence that human activity plays a part in it. However, the data doesn't show the extent. Are we causing 90% of global warming or 1%. We simply don't know. There isn't enough data.

Is catastrophic climate change …