When Greenspan talks, his suggestions are almost guaranteed to become a fact of life
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Greenspan Touts Idea of a Consumption Tax
http://apnews.myway.com/article/20050303/D88JI49G0.html
Federal Reserve Chairman Alan Greenspan on Thursday embraced the notion of overhauling the nation's tax system and said that some form of a consumption tax - such as a national sales tax - could spur greater economic growth.
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Sat March, 5 2005 @ 07:20 GMT
"Federal Reserve Chairman Alan Greenspan started pitching the idea of a flat federal sales tax this week. At some point, food, health and housing likely will be taxed. For the short term, Greenspan is recommending a gradual transition, with a "hybrid" approach that includes a federal sales tax plus federal income taxes."
"The US government already overhauled corporate tax and accounting regulations, and according to critics, took the tax burden off corporations. "
"We're talking more pork and more of the load on the shoulders of the new-age poor. Just like it used to be in the good old days before all those pesky revolutions. "
"We're looking at federal consumption taxes plus income tax, no bankruptcy allowed, no class action protections, no health insurance, no cheap drugs, rapidly rising housing costs, no Social Security, cutbacks in everything decent, mandatory employment, and military enforcement of the new rules by NORTHCOM. "
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Here's his new idea
Raise retirement age, Greenspan tells panel Mar. 16, 2005
http://www.dfw.com/mld/dfw/news/nation/11148899.htm
Alan Greenspan didn't support any specific legislation, but indicated that there may be little choice but to encourage older Americans to stay in the work force.
Federal Reserve Chairman Alan Greenspan told Congress on Tuesday to consider raising the retirement age to help fix Social Security's funding problems, and he made it clear that benefit cuts should be part of any solution.