abscondo

As bad as the current tax code is, I'm terrified at the thought of our current leaders rewriting it. It will favor the rich, pure and simple.

That's not the way they'll present it, of course; we'll hear that simpler = better, flatter = fairer, calculated rephrasings like "death tax," claims that the new system will help grow the economy and allow the elimination of the IRS, etc.

The end result will be that the middle class will be screwed. Politicians will remove taxes on things the rich enjoy, such as capital gains and dividends. They'll allow corporations to pay less, maybe even nothing. The poor will be protected by some threshold or rebate. The only people left to tax will be us in the middle class.

And my fellow Americans will take the bait. They'll swallow the arguments and embrace a regressive tax that will end up costing them money. How do I know? Because they believe so many other false claims made by this administration, such as "we invaded Iraq as part of a war on terrorism."

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Ceci n'est pas une pipe.