
Exempting Olympic Medalists From Taxation Is A Bad Idea
One of the biggest problem with our tax system in America, and here in California, is that it is overly complex and is filled with all kinds of special treatment for one group or another. It is filled with subsidies, credits and exemptions — each of which, when it comes down to it, is a result of the politicians in Washington, D.C., or in Sacramento picking winners and losers. Long has there been a movement to establish a “flat tax” system, where there is one tax rate paid by everyone, and no longer would those in political favor get preferential treatment in the tax code, nor would the tax code be used as a tool to manipulate the behavior of the people to the liking of the political class. So while I appreciate that NASCAR gets a tax break, end it. And while those who make rum get favorable tax treatment, that should end. And if you want to make corn ethanol, that’s great — but you shouldn’t get a break on your taxes for it.
Of course, it takes a lot of commitment to truly support a flat tax — where the government treats everyone the same. It seems like there will always be temptation to want to use the power of government to… Read More