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Of these tax changes. So no net cost to the government over time. And you have peoples income up about 10 and additional jobs so more people are working. Now that is close to a free lunch as you can get. And thats the damage done by the current tax system. All the neutral tax systems are a means of getting the three layers of tax. Some are collected at business level. Some collected only at retail. Now my favorite, the personal expenditure tax is put down your income subtract your savings pay tax and whats left . That way each year you sit down and fill out a form and you say, they took what ....

Prosperity. And you heard alvin just say over and over again, consumption based tax. My job on the panel is to try to explain why thats important. Its important because the current tax system treats income that you sai and invest much much worse than the income you can consume. Think about it in this very simple fashion. You make some money. You pay tax on that money. Whats left . Disposable income. Aftertax income. You have two choices of what to do tw the aftertax income. You can consume it right away, or you can consume it in the future. Whats consuming in the future . Its saving and invest...

In the 1940s and putting together the concept of income we now use today under the income tax they were neglecting the adverse effect on the labor force and it wasnt unknown. The godfather of the income tax henry simons and one of the two leading godfathers admitted that it would damage the economy and his current disciples dont want you to remember that or theyve forgotten it. Heres what simons said about Income Taxation. Income taxation is broadly an instrument of economic control. A means of mitigating economic inequality which well assume that moderation of inequality is an important objec...

Children at all times. You have to take measures to make sure that a child that age isnt able to leave the residence without you knowing it. I just wanted to find out how she got out of the house. Why do you want to know . Reporter the toddlers parents were confrontational when we showed up this morning. Sources tell nbc 10 investigators found evidence of heroin and marijuana inside the house. Were you using drugs . He did not answer the question and we cant air his response on television. Authorities are still investigating what led to the childs death. Sources say both parents could face cha...

And im frank somerville. We have information about two of the three men killed by police and the third man. Here are picture of the two people who carried out the killing. Since then two died in separate police shootings. The third man, name unknown, still on the loose tonight. We have new developments now from ktvus Maureen Naylor with more reporter the Surveillance Video taken inside the building and police shows it shows terrifying moments after a man was tortured and then shot to death. It is through this door that the men got inside. You can see three men coming around the corner, one car...