Bumpless Safety Nets for an Ownership Society

Joe over at Winds of Change has a fascinating piece on a radical
proposal
by Dan at NoSpeedBumps which he claims:
achieves
universal health care
coverage
, provides for
income support and health care during
retirement
based on the highest rates of return achievable, and has a flat tax & save
rate for all workers and businesses. All of this is done while retaining
significant
progressivity
in the collection of tax revenues ? yet with zero loopholes in the income
tax code. And the perceived marginal tax & save rate is
flat
such that the incentives to work and improve oneself economically are the same
for all workers. There are no
speed
bumps.
(emphases mine).
While I haven’t looked at the details, I think it is
a very impressive solution considering its simplicity, and fundamentally on the
right track. By employing conservative means (responsibility, privatization) to
achieve liberal ends (progressivity, universal coverage), he is definitely
staking out the radical middle high ground. If nothing else, its a great
starting point. Or is that ending point?
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