Olemike's Blog

Occupy Washington

Posted by olemike on 11/06/2011

The “Occupy Wall Street” crowd are protesting in the wrong place.  Almost all of our economic problems can be blamed on Congress, both past and present.  The loopholes that allow large corporations or wealthy people to avoid taxes have always been created and passed by Congress.  Both political parties are guilty of this.  For many years, Congress has used loopholes and various deductions in an attempt to social engineer.

Fixing many of our current problems will require a substantial overhaul of the Internal Revenue Code.  Many, if not most, of the current deductions should be eliminated.  If loopholes are eliminated, then rates could be lowered, and equitable income tax payments would be more easily achieved.  The rich would still pay a much higher percentage and many of the poor would pay nothing at all.  Isn’t that really what most people think should happen?

Reforming the tax code is one action that would provide far-reaching impact on the future economic health of the nation.  Isn’t it about time we get started?

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One Response to “Occupy Washington”

  1. Phyllis said

    Good blog and right on!

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