Presidential economic policies......

McCain has come to the great realization (finally) that something isn't quite right with Obama's taxation policy.

McCain suggests Obama tax policies are socialist: "Republican presidential candidate John McCain on Saturday accused Democratic rival Barack Obama of favoring a socialistic economic approach by supporting tax cuts and tax credits McCain says would merely shuffle wealth rather than creating it."

Shuffling wealth? Sounds to me like "redistribution of wealth." A phrase which absolutely nauseates me.

I am not endorsing McCain's economic policies, although, McCain's economic policies would be less detrimental to America than Obama's.

If we really want fairness in the tax code we need to institute the flat tax or the FairTax. This whole "redistribution of wealth" concept and the idea of "from each according to his ability, to each according to his need" is merely Marxist BS.

Do McCain really want a flat tax?

John McCain is campaigning and making speeches across the US in anticipation of the presidential election where he will likely square off against Barack Obama. I'm not sure if McCain is pandering to people with my ideology on certain issues but when I hear things like a "flat tax" and "an end to the genocide in Darfur" you've got my attention.

The Australian: John McCain sets out lofty presidential ambitions: "He [McCain] predicted several years of 'robust' US economic growth under his stewardship, a flat tax rate, the 13 million illegal immigrants in the US living humanely under a temporary worker program, and an end to the genocide in Darfur."

Could the US really be in for some serious tax reform and will someone (the US, Europe, etc) finally do something to help the helpless in Darfur?

Could I really bring myself to vote FOR McCain instead of AGAINST Obama?

This presidential election is getting interesting, however, I'm not holding my breath.....yet.

Down with the IRS! (A look at the flat tax)

Apparently, a number of countries already have introduced the Flat Tax to try to boost economic growth. Since the mid-1990s, Estonia (24% tax rate), Latvia (25%) and Lithuania (33%) have had a flat tax system in place. Russia (13% flat tax), Slovakia (19%), Romania (16%), Macedonia (12% flat tax on personal income and corporate profit), and Ukraine (15%) also have a flat tax in place. Albania may implement a 10% flat tax this coming year.

Could a "radical" simplified tax code ever come to be in America? Everyone else seems to be giving it a try, why not the US? I'm not sure whether I prefer the Fair Tax or the Flat Tax but something needs to be done about the tax rates and tax system in America!

The Hoover institution has been big on the Flat Tax and have published the following book: The Flat Tax by Robert E. Hall and Alvin Rabushka.

I think I might have to make a book purchase as soon as I am done reading the The FairTax Book and FairTax: The Truth: Answering the Critics.