A Quote by Linda Colley
Margaret Thatcher's decision to use Scotland as a testing ground for the poll tax was arguably the most disastrous attempt at fiscal engineering since London slapped the stamp tax on the American colonies in the 1760s.
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Liberals in the US don't have great passions about Margaret Thatcher. Conservatives do. For all the worship that Ronald Reagan elicits in conservative circles in the US, I would venture that Thatcher did far more to reshape British society than Reagan did here. When I moved to Britain, the utilities were state-run. By the time I left, most of that was privatized. Thatcher had broken the miners' union, all but crushed the Labour Party, cut back the welfare state, even flirted with a poll tax. In the circles I ran in, Reagan was mocked as a childish dolt. Thatcher was despised.
We in Scotland need fiscal responsibility. Quite simply, we need to be responsible for what we raise in tax and what we spend in tax.
We must end the iniquitous multi-taxing of the same money. It is not right to tax people's incomes, then their savings on that income, to tax the movement of assets through capital gains tax, stamp duty and tax them again through inheritance tax if they have the audacity to die.
I really like the idea of consumption tax, and most countries have a pretty serious consumption tax. It's called a value-added tax or a goods and services tax ... It's a sales tax. It doesn't tax labor, it doesn't tax savings or investment - it taxes consumption.
We should be forced to give so many exemptions and concessions (inevitably to the benefit of high spending authorities in Inner London) that the flat-rate poll tax would rapidly become a surrogate income tax.
The Stamp Act was a direct tax imposed on the colonies by King George III. This act inevitably led to the American Revolution. Just as the Stamp Act did in 1765, Obamacare should act as a wake-up call. Chief Justice Roberts provides us with a similar call to action.
Thatcher had broken the miners' union, all but crushed the Labour Party, dramatically cut back the welfare state, even flirted with a poll tax. In the circles I ran in, Reagan was mocked as a childish dolt. Thatcher was despised.
The other thing that's really important in tax reform is making sure that we don't tax American businesses at much higher tax rates than our foreign competitors tax theirs. It is costing us jobs. It's one of the reasons all these American companies are moving overseas.
I actually think the border tax - the concept of border tax is more of a trade issue than it is a - so when we talk about income coming in, I believe border tax in its form, if we use that, reciprocal tax is a tax that I really love because basically nobody can fight it.
Everybody talks about candidate tax returns, and they release those - well, most. But medical records, that's another thing, and that arguably might be more important or relevant than somebody's tax return.
We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify the tax code. The ultimate answer, in my opinion, is the fair tax, which is a fair tax for everybody, because as long as we still have this messed-up tax code, the politicians are going to use it to reward winners and losers.
Media hosts just talk about Golda Meir and Margaret Thatcher and again miss the point. I was talking about AMERICAN culture, ladies and gentlemen. As I pointed out, if Margaret Thatcher or Golda Meir, by the way, she didn't care, and Margaret Thatcher didn't care how she look like. If Margaret Thatcher were running for president today, as she was when she was the Iron Lady, we wouldn't have her mom doing television commercials telling us how wonderful she was when she was a kid and how nice she is.
The sales tax is the best and most equitable tax. The gasoline tax, which is nothing but a sales tax, has proven painless, productive and punitive. Everything we buy should have its equal proportion of tax, outside of cheap food and cheap clothes.
As president, I would promote a Fair and Flat Tax plan, known as the 'EZ Tax.' My tax plan would be the largest tax cut in American history, reforming individual, business, and worker taxes.
No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.
Tax reform for the 21st century means rewarding hardworking families by closing unfair loopholes, lowering tax rates across the board, and simplifying the tax code dramatically. It demands reducing the tax burden on American businesses of all sizes so they can keep more of their income to invest in our communities.
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