Pretty well explained. I do feel like we need to reinvent taxes. You are taxed when you buy something, that money is taxed when sent to the corporation, then it's taxed again when the employee is paid or products are purchased for the business in an infinite loop. Then the rules and regulations are over 73,000 pages for just the feds taxes, not counting the city, county, and state. So if you're running a business you have 4 different taxes depending on where you live.
It's a mess. I have the dream of owning my own corporation some day, hiring people, making great products and doing what I can to make the world better. But with all the complex regulations and rules, it demotivates me.
Right now my plan is to work on open source and get better at programming. Then once I release my current open source project, I'm wanting to learn a new programming language and framework which I think will make me even more productive and better at programming.
My end goal though is to have my own commercial product or service. I guess my plan is to be more of the product guy/CEO but hire a COO to help with all the legal, accounting(taxes, payroll, etc). I can't make a great complex software product involving servers, web/desktop, mobile, etc if I also have to understand 73,000+ pages written in legalese to confuse people even more. So I feel it's best to delegate that part of the company to someone who enjoys and understands that side more. I enjoy creating the product side more, but I'd also want to be the public face of any product I created.
I do think we still need taxes for services a modern society needs, but I'd like it to be much more simplified. My proposed idea would be one federal flat sales tax and then the fed keeps a percent and then redistributes the rest to the states based on the population of each state. Then the states would be responsible for redistributing it's portion to the counties, and then the counties to cities at the local level. One simple tax, replacing all existing taxes at all levels of governments.
This comment is probably long enough to be its own post, but just something I been thinking about more and more lately. I just feel like regulations are killing small businesses and making new ones harder to form. Big corporations can afford more regulations, so apparently, they lobby for more to hurt small competition. Our whole country is corrupt, money needs to be out of politics.
If things would much more simpler, I feel we'd have millions of new businesses formed and our country would prosper so much more. We'd have a bunch of new innovation. In four years, it will be 2020. I always envisioned we'd have flying cars, really modern cities with new inviting architecture. Instead I predict things will be mostly the same, still old ran down brick buildings, still cars on the road, much more regulations if we keep this trend up.
RE: Taxation is Theft