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Hong Kong has a flat tax system. Flat tax is ideal because everyone only pays a percentage. 5-10% sounds about right to me.
I actually think we do need to "slash and burn" as it were. Time to go on a diet. That deficit needs to start going down. It hurts at first but we will be better for it in the long run. We will have to learn to budget better, not spend so freely, and not waste. We need to hold our politicians accountable and responsible. More taxes only hurts us.
I can't tolerate anymore taxes. I am being squeezed to death here. When over 33% of my income goes to taxes, plus all the sales taxes etc, it really is too much.
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"The race is not always to the swift, nor battle to the strong, but
to the one that endures to the end."
"Demand more from yourself, more than anyone else could ever ask!"
- My recruiter
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