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Thats the difference between government and the private sector - government is supposed to be doing the things that can't (or if they could, maybe shouldn't) be done for a profit. Things like food stamps, national defense, fire fighting, driver's licensing, etc., are not things that can be easily or ethically done by private companies. Of course, governments should be responsibly run, as efficient as possible, and be responsive to it's customers, but the vast majority of government work is a money losing proposition. That's why it's doing it in the first place. |
Regarding the mortgage deduction...
Since it was enacted by Congress many years ago, and many people have made buy/ rent decisions based upon that provision, is it fair to remove it immediately? If it is decided to remove it, would it not be more "fair" to phase it out over a number of years? It was enacted because it was felt that people who owned rather than rented provided more stability to the community. Perhaps that basic assumption should be the reason for removing it; not simple economic expediency. |
Sorry, but each group will want exemptions....make it simple. No deductions, no income tax. Go with a national retail sales tax.
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But how to ensure efficiency if there is no consequence? |
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