Time Yet for the Flat Tax?

Taxes have become a big issue again in this election season. Every democrat on the ballet has a least one or two wacky schemes they claim are free. Free college, free healthcare, etc. But when pressed, they have to admit that taxes will be drastically raised to pay for for these plans.

And the reason they can get away with it is our progressive tax system.

I’ve been a proponent of the Steve Forbes Flat tax plan for decades. I even supported him in 1996 when he ran for president. One of my sons and I even met him on the campaign trail and had an hour-long conversation with him. very smart man.

It was then that I first heard of his flat tax idea, as he explained it to me in detail.

Well., he’s still pushing it and like then, it’s still a great idea.

Prager University thought so, as they asked Mr. Forbes to expound upon it for one of their famous short videos: read more

WND Exclusive – The Warren Wealth Tax is Nothing New

from Brent Smith for World Net Daily:

Those who back the notion that Elizabeth Warren’s wealth tax is a great idea have given it little to no thought.

The Warren wealth tax is tailor-made to cater to the angry “income inequality” crowd on the left, because when people think of a wealth tax they think of a tax only on the wealthy – a “soak the rich” tax.

Warren’s wealth tax can also be thought of as a veiled property tax. read more

Please Mr. President – Don’t Support Red Flag Laws

by: Brent Smith at the Common Constitutionalist

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Please Mr. President – reconsider. Don’t do this. Please stop pushing Red Flag legislation.

Oh, like taxes, or frankly any law that deals directly with the people, they all start out, as does this suggestion from the President, fairly innocuously and backed with the best of intentions – at least outwardly.

But as Will Rogers said: “The difference between death and taxes is death doesn’t get worse every time Congress meets.”

And ole Will’s saying doesn’t just apply to taxes. It applies to virtually all laws and all regulations.

Take the income tax … Please! Just kidding.

Seriously, in 1913, the first year of the income tax, the top tax bracket was 7 percent (and that included a six percent surtax) on all income over $500,000 ($11 million in today’s dollars), and the lowest tax bracket was 1 percent.

And of course promises were made by our benevolent government overlords prior to its introduction, that tax rates wouldn’t just be continually raised.

Raise rates? Don’t be silly. We’re the government. You can trust us – right? read more

France Taxes the Rich

Socialists are socialists, the world around.

Legendary actor Gerard Depardieu is to give up his French passport in protest of huge tax hikes imposed by the country’s Government.

Depardieu, 63, star of films including Green Card and Cyrano de Bergerac, is furious at socialist French President Francois Hollande for several of his policies aimed at taking money away from the rich, including a top rate of income tax of 75 per cent.

The actor is now set to move to Belgium after putting his £40million ($65 million)mansion on Paris’s Left Bank up for sale.

Leaving: French actor Gerard Depardieu has put his Paris mansion up for sale and will leave France in protest at tax hikes imposed by the government  French actor Gerard Depardieu has put his Paris  mansion up for sale and will leave France in protest at tax hikes imposed by the  government

In an open letter to prime minister Jean-Marc Ayrault today, Mr Depardieu said: ‘I am leaving because you consider that success, creation, talent, anything different, must be punished.’

Mr Depardieu said he has paid 85 per cent of his income to the Government this year, and estimated that he had paid more than £130 million ($211 million) in total since he started work on leaving school aged  14.

New financial measures: French President Francois Hollande has imposed a top rate of income tax of 75 per centFrench President Francois  Hollande has imposed a top rate of income tax of 75 per cent

Mr Ayrault had earlier branded Mr Depardieu ‘pathetic’ and ‘unpatriotic’, but the actor wrote in an open letter in the  Journal de Dimanche: ‘Who are you to judge me like this, Mr Ayrault? I ask you, who are you?’

‘Despite my excesses, my appetite and my love of life, I am a free man.’

‘I am not asking to be approved of, but I could at least be respected. All of those who have left France have not been insulted as I have been.’

‘At no time have I failed in my duties. The historic films in which I took part bear witness to my love of France and its history.’

The actor is not the first wealthy French resident to signal their intention to leave since Mr Hollande came to power back in May.

Bernard Arnault, chief executive of the luxury goods group LVMH and France’s richest man, is among those who have applied for Belgian residency, although the billionaire denies it is for tax reasons.

It came as an Ifop poll released in France over the the weekend put Mr Hollande’s public approval rating at just 37 per cent, with Mr Ayrault on 35 per cent.

MailOnline reported last week how Depardieu had moved to a new ‘tax exile’ mansion just 800 yards from the French border in Belgium.

The actor’s lavish home in the village of Nechin – on a street known as Millionaire’s Row – is less than two minutes drive from the French town of Roubaix.

Attribution: Steve Nolan, Mail Online