10-01-2008, 03:54 PM
Quote:Well, it takes a little more than that. Basic to a free market is competition, but a monopoly can kill competition, so you need to regulate that somewhat (and it's tricky). Caveat emptor is a great notion, but I do not want to have to analyze a sample out of each bottle of aspirin I buy, so requiring (and enforcing) some truth in advertising is necessary. Then there are all the bait and switch and other scams. It does get tricky. And, by the way, 'regulation to stop usury' is exactly the kind of thing that should *not* be done. As long as the terms are spelled out in advance, then it is the customer's responsibility to decide what deal he wants to make, not the government's.Ok, yes. I err'd low. I'd like to see the 16,845 page Title 26 income tax code burned and replaced with a consumption tax code. No taxes on investment, and no taxes on earnings. Property tax should be fixed at the time of purchase. This would end the madness of a consumer economy where government thinks it has to give away borrowed money to stimulate the economy, and it would encourage people with money to do something productive with it, like save it, or invest it.
--Pete
You should only be taxed when you spend your money.