The Grown Up Tax Bill: Sorry, Grown-Ups Are Out of Stock
Dear Martian Central Bank: could you please send us some Grown-Ups?
Scott Galloway recently sketched out a common-sense set of tax reforms that would go a long way to reducing the widening federal deficit. There’s just one Catch, Catch-25: it requires Grown-Ups, and Grown-Ups are out of stock, and have been for a long time, as it seems they’re no longer being produced. The Grown Up Tax Bill.
I confess that to say this is to admit to being delusional, but Galloway’s suggested tax reforms seem self-evidently common-sense, which means there isn’t a snowball’s chance in Heck any of them could possibly be enacted. Common-sense has zero value in today’s cultural void; the only thing that has any value is what’s acceptable to those holding the levers of power and wealth.
If wearing our underwear on the outside of our clothing is acceptable to those holding the levers of power and wealth, then that is a slam-dunk to be enacted regardless of its impracticality and absurdity.
Those holding the levers of power and wealth all have luxury penthouses in FantasyLand, where they can peer down at all the little people doing whatever little people do–go to work, pay taxes, get takeout because they’re exhausted, watch the latest bingeable entertainment, and so on.
There are two core industries in FantasyLand. One is corruption and the other is borrowing or creating however many trillions of dollars it takes to keep FantasyLand looking tidy. Oh, wait–I guess there’s only one industry because borrowing or creating trillions of dollars to blow on keeping up appearances rather than on increasing efficiency and productivity is the ultimate form of corruption.
Here are thumbnails of Galloway’s requires Grown-Ups, oops, dang, we’re plumb out of Grown-Ups tax reforms:
1. Increase compliance with existing tax laws. Sounds fair, right, because us little people don’t have $500/hour experts to p
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
