Comment: Disagree

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In reply to comment: How about this... (see in situ)


- If US government starts printing money, it will be even worse than the FED. The solution should be (if short of the gold standard) to devorce the FED from accommodating US government budget deficit, unemployment and inflation. Original FED was sufferable: it was backed 40% by gold and 60% by corprate papers, it was not responsible for budget deficit.

- Sale tax does not work. If people decide to spend less in a particular year, government wont get projected revenue. Flat tax on gross income (say 1-5%) with no diduction is the best solution. Corporations should be taxed the same after deduction of salaries and dividents.