The Insane Idea of Abolishing America's Income Tax

Rep. Jim Bridenstine has just become my least favorite congressmember by recently proposing a bill that would end income tax for Americans. I strongly disagree with this as income taxes pay for some very good things: good roads and infrastructure, schools and institutions of higher learning, public libraries and museums and public services like police, fire and EMT services, things I like to have. I do agree that the tax structure has become too complex and that we should go to a system that is graduated. If you make less than $14,000 a year, your tax bracket would be 9%. If you make $10 million, I would make it nearly 50% of your total income. Americans pay less in taxes now than ever before, and yet we complain about the federal deficit. I've said this before: you can't have your cake AND eat it.

I think there should be a .1% tax on every stock trade made. If you're selling $1500 in stock, expect to pay a penalty of $1.50 to go into a piggy bank that would be used to rescue our nation's economy in the event of an economic collapse due to stupidity in the stock market.