Are there enough good people to hire? Not that many years ago tech companies were hiring every H1B they could because there weren't enough local talent.
The more I think about it, the solution might make the problem worse in the near term but I think the solution is to clean the slate so we can start over with a new playing ground to make our compromises on. Let's make a flat tax for all businesses and then a flat tax for all individuals, price it to balance the budget and put a 5 year holiday on new tax law. Then in 5 years we can start making our compromises again and recomplicate the tax code to let companies game the system and try to coerce culture changes and what have you. In the mean time, all businesses pay x% and all individuals pay y% on all income, period. Perhaps graduate the tax for incomes below $50k, maybe. And perhaps instead of 5 years, we do it until the AAA rating is restored or the debt shrinks to some number or something. Just radically simplify it all.
I'm just tired of all the unintended consequences and how complex the tax code is. I can't see how we can make it better by trying stuff like this and it seems easy to game without some sort of oversight. (Could you hire your 3 year old and give them a salary no the government's dime? Could you hire a bunch of people for really cheap wages and skim?)
The more I think about it, the solution might make the problem worse in the near term but I think the solution is to clean the slate so we can start over with a new playing ground to make our compromises on. Let's make a flat tax for all businesses and then a flat tax for all individuals, price it to balance the budget and put a 5 year holiday on new tax law. Then in 5 years we can start making our compromises again and recomplicate the tax code to let companies game the system and try to coerce culture changes and what have you. In the mean time, all businesses pay x% and all individuals pay y% on all income, period. Perhaps graduate the tax for incomes below $50k, maybe. And perhaps instead of 5 years, we do it until the AAA rating is restored or the debt shrinks to some number or something. Just radically simplify it all.
I'm just tired of all the unintended consequences and how complex the tax code is. I can't see how we can make it better by trying stuff like this and it seems easy to game without some sort of oversight. (Could you hire your 3 year old and give them a salary no the government's dime? Could you hire a bunch of people for really cheap wages and skim?)