Reducing the onerous tax burden is easy to accomplish. (a) Simply downside the bloated bureaucracy. (b) Then stop the use of taxpayer monies to fund retirement plans for anyone in government. They’re free to fund their own retirement out of their own pocket. (c) Next, halt any further payment to current retirees from government based upon a defined benefit retirement plan with COLA increases. (d) Bring legal action against prior elected officials and bureaucrats for the incompetence and improper management of taxpayers monies, and (e) Bring legal actions against elected officials and bureaucrats who’ve received taxpayer funded retirement benefits for full restitution of ‘back’ principal plus a reasonable amount of interest.
This idea isn’t mine – it’s just something I’m looking for reaction and discussion about.
If you read this far, read Soverign’s answer. Quite provocative.
Comments
How about this idea?
Every year, on a personal tax return, there is a checkbox to enter a lottery – it costs and extra $20. 10 winners every year.
What do you win? You never pay federal personal income tax again!
They all have the same goal.
What needs to be done. Is to put an end to Foreign aide. Each year we give not lend but give billions to other countries to help them get on their feet or fix their problems.
Our own Govt has failed to see to our needs before the needs of others. We have a bunch of fools in office.
Gee, aren’t you a ray of sunshine.
I guess people don’t get old in your world, huh?
“Paying for retirement is a waste of money. Skwak skwak skwak.” I guess when those useless old people reach the end of their working ability we should just line them up against a wall and shoot them.
Thank you for solving all our problems.
I have simpler way, though not any easier given today’s political climate. Get rid of the Federal Reserve.
Instantly, this would disband the IRS. Instantly the income of the average American would double.
The Fed is not a part of the government. It’s a group of private banks, mostly foreign, who hijacked America’s wealth beginning in 1913. By 1933, the federal government had declared bankruptcy. It’s true. Do a Google search.
Today we have a $9 trillion debt. It’s not the spending. It’s the interest on the debt that’s been compounding for 70 or so years. According to the Grace Commission Report of 1983, not one penny in income taxes goes to pay the day-to-day operations of the federal government. It all goes to pay only the interest on the national debt. And the international bankers get all the money. Your money.
I say go for it! Yes, it would decrease our debt plus it sends a message to our government employees. They do look out for themselves more than they look out for the rest of us.
