Ronald Reagan
May 2003
Ronald Regan to
the rescue! HSL Lifetimer Hslm Bob Dixon
suggests I reprint all of HSL473 of 1985!! Says
it’s perfect for
today. Especially, he says, reprint the outspoken Chartwalk of
that issue, which he says is a classic for all time. OK, I’ll reprint
it soon as pos. In reading that 1985 HSL I found this
page 1 story: “When a US president says the US tax system is ‘
un-American’ that’s from a pretty good authority. Ronald
Reagan said that on May 29, 1985. By US taxes are un-
American, he means they are inequitable & {in principle} unconstitutional.
RR calls for ‘a re-examination of taxes’.” Amen!
Americans are still waiting. And I’m
still grateful, by the way, for Mr. Reagan’s gift to me of a glass
jar of his famed jellybeans, which I still have, cherish & display.
He sent it via a White House courier, who refused to open it at
British customs, when I lived in London. Finding
this article is a coincidence vs the income tax article
elsewhere in today’s HSL. A double coincidence: Ex US
Treasury Secretary Paul O’Neill said on FoxNews on May 1: “ We
should reform the tax code. We need a consumption tax.” Exactly
right! Providing income taxes are ended of course. What’s needed
not only in the US but in every nation is discontinuation of income taxes & substitution
of a sales tax. That would be a mega-boost to
all economies. O’Neill
said, ending income taxes would save $200mil spent on enforcement. |