Saturday, March 16, 2013

Conservative Soul-Searching: The Time is Now | Capital Commentary

Conservative Soul-Searching: The Time is Now | Capital Commentary by Paul Brink.  MGB: I have actually offered the theory of how conservatives and libertarians can work together.  My proposal is to change the tax system to shift from personal taxation to a Net Business Receipts Tax (a Value Added Tax with offsets).  Under this tax, the employees of the firm would each get a vote on how to distribute the offsets to charities who provide social services.  While they could chose the government system, they could also choose their religious institution or a secular provider.  This will shrink the government sector, while still not abandoning the obligation to help those in need.  If everyone picked private institutions and individual retirement accounts holding employer voting stock (some of which is held in an insurance fund with all such companies), the actual tax collected would be zero, even as all needs are met.

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