How to Provide Society with More Equity and Liquidity

By Scott Lazarowitz, May 9, 2009 5:02 pm

Cut everybody’s taxes to a flat rate, at least 10%, and make it permanent. Eliminate the Capital Gains Tax and make that permanent. These actions will immediately put more money in people’s pockets, which most people would then spend and invest, and pay off mortgages and loans. As Barbara Anderson and her Massachusetts Citizens for Limited Taxation would say, “Every Tax Cut is a Pay Raise.” And eliminating the Capital Gains Tax will encourage investors and prospective investors to…invest. And invest more, and in the long term, as well as bring back foreign investors. The producers, investors and inventors are the backbone of a society’s prosperity, and arbitrary governmental controls and taxes do nothing but make the average citizen’s chances for prosperity impotent.

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