Omakase

Monday, February 13, 2006

The Jane Galt Tax Plan

Thoughts on tax refrom from a great blog - JaneGalt.net. Jane is sharp, witty, and a dreamer, as you can see here, here ideas have a likelihood of being adopted of less than zero.

That doesn't stop her articles from being incredibly insightful. For example, why do we continue to have a separate 7.5% FICA tax "devoted" to social security, when there social security is just a bookkeeping entry - there are no assets behind it. (In effect, why not dump the FICA tax and just raise income taxes a comensurate amount?

Jane is always worth a read.
Asymmetrical Information: The Jane Galt Tax Plan
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With my new friends on the Great Wall of China

With my new friends on the Great Wall of China
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World sun clock

Uncommon Man's Creed

"I do not choose to be a common man. It is my right to be uncommon -- if I can. I seek opportunity -- not security. I do not wish to be a kept citizen, humbled and dulled by having the state look after me. I wish to take the calculated risk; to dream and to build, to fail and to succeed. I refuse to barter incentive for a dole, I prefer the challenges of life to the guaranteed existence; the thrill of fulfillment to the stale calm of utopia. I will not trade freedom for beneficence, nor my dignity for a handout. I will never cower before any master, nor bend to any threat. It is my heritage to stand erect, proud, and unafraid, to think and act for myself, to enjoy the benefit of my creations, and to face the world boldly and say, "this I have done." All this is what it means to be an American." -- Anonymous