Re: Ron Paul on taxation?
There's no way in hell we could reduce the income and corporate tax to zero even within Ron Paul's term. It might not even be prudent to do so. The best that anyone could possibly hope for is that somehow Paul encourages the US to switch to a consumption VAT, on the order of 20-30%. Even that would be a large shock to government revenues, and all hell would break loose if we even attempted to trim SS spending, not even to say spending growth.
Anyway, Ron Paul is not going to win the Presidential election, so the non-wonks here don't have to worry about that. The best that I hope for is that he influences campaign rhetoric and long-term GOP strategy.
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