Posted on 03/09/2005 12:51:53 PM PST by truthfinder9
"Consumption taxes can take the form of national retail sales taxes or a value-added tax, imposed on the increased value of a good or service at each stage of manufacture and distribution and ultimately passed on to the consumer. " GreenspanI'm not sure that's a quote from Greenspan.
I can see you are too hard-headed for me, so I'll leave you to you illusions.
"Consumption taxes can take the form of national retail sales taxes or a value-added tax, imposed on the increased value of a good or service at each stage of manufacture and distribution and ultimately passed on to the consumer. " Greenspan
This was a statement by CBC News regarding Greenspan's testimony, not a quote of Greenspan.
Greenspans statements regarding consumption taxes to the Tax Reform Panel:
| FRB Testimony, Greenspan --The tax system-- March 3, 2005 Testimony of Chairman Alan Greenspan *** SNIP *** Given the expertise on this panel and the ultimate responsibility of the Congress and the President for the tax system, I would not presume to suggest the best specific path for reforming the tax system. However, past experience suggests that as the panel's work gets under way, one of the first decisions that you will confront is the choice of tax base; possibilities include a comprehensive income tax, a consumption tax, or some combination of the two, as is done in many other countries. As you know, many economists believe that a consumption tax would be best from the perspective of promoting economic growth--particularly if one were designing a tax system from scratch--because a consumption tax is likely to encourage saving and capital formation. However, getting from the current tax system to a consumption tax raises a challenging set of transition issues. In 1986, tax reformers considered a consumption tax base and, despite the arguments in favor of such a system, they decided to enhance the comprehensiveness of the income tax system then in place. Circumstances are different today, and the right choice will require assessing anew the tradeoffs between complexity, fairness, and economic growth. The choice of the tax base and other provisions of the code must also be taken in light of coming demographic changes. I believe that, as the baby boom generation begins to retire in a few years, it will become increasingly important for the nation to boost resources available in the future through greater national saving and enhanced incentives for participation in the labor force. The tax system has the potential to contribute importantly to those goals, and, at a minimum, tax reform should not hinder the achievement of those objectives. *** SNIP *** |
Oh I get it, you are a two-year old. Do your parents know you're on the internet? People like you are a joke. Not an ounce of reasoning ability so you start acting like a juvenile. I don't know what I'm going to do now that you are calling me names! What am I going to do?
Brain wizards like Protagoras don't want real reform. They would lose whole voting blocks that have sustaineed the Democrat party for years.
If it's not, blame on the link that was provided by the authoer of this thread, that's where it came from. Maybe I read the author incorrectly, but I sure didn't cut and paste incorrectly.
The point is, Greenspan and the rest of the "I'm smarter than you crowd" are going to bend you over by the time this is over.
Unless the Constitution is amended to remove the Income tax FIRST, anyone who signs on to this BS is going to be screwed.
You started the namecalling, and now you are crying about it. If anything in the world is predictable, it's that.
I don't know what I'm going to do now that you are calling me names! What am I going to do?
How about returning to whatever nonsense you were engaged in before you posted all this childish nonsense.
When did I call you names? Oh, I guess I did call you dense and brain master or something like that. But those aren't quite the junvenile tantrums you seem to enjoy.
Thank you for posting the correct passage. It shows his true purpose rather nicely. He made other comments as well, they were very telling also.
It's refreshing to see a child admit to his childish namecalling.
But those aren't quite the junvenile tantrums you seem to enjoy.
Return fire should be decisive.
Now, go take a "grow up" pill and sit down and think about what a doofus you are.
The laugher is that people think the 16th amendment will be repealed. The even bigger laugher is that people think that the Feds couldn't then re-instate an income tax without amending the Constitution.
None of this is funny when you really think about it. It's sad that many here think the Republicans will do the right thing when it comes to any of these things.
These guys will never give up their primary source of power, the tax code.
The laugher is that people think the 16th amendment will be repealed. The even bigger laugher is that people think that the Feds couldn't then re-instate an income tax without amending the Constitution.
The real laugh is the Feds already have all they need to enact VAT or NRST and every other tax they want on you, and by your sights, anytime they want to do it.
So bend over, you are already slaves exhibiting the proper attitudes:
| I discussed the importance of abolishing the income tax because of its tendency to form a habit of servility in the souls of a people that accepts it. Servility of soul is bad not only in itself, it is also an open door through which will soon walk the abuses of ambitious government power. Leaders who find themselves with governmental power over a servile people will be quick to conclude that such a people exist to serve them. |
as the feds collect their dues from you through both the at the front door income tax, and the defacto VAT backdoor sitting on your backs right now:
http://www.taxfoundation.org/foundationmessage03-00.html
"Under the WTO definition of the term, a sales tax is an indirect tax, as is an European-style VAT. The economic equivalence of an European-style VAT and a subtraction-method VAT is well-established. A subtraction-method VAT is essentially identical to a business income tax except that all purchases of plant and equipment may be expensed, rather than depreciated as under current U.S. law."
And every man woman and child in the nation, pays federal taxes through that VAT.
DO YOU PAY YOUR INCOME TAX
AT THE SUPERMARKET?
by D. Sherman Cox J.D. L.L.M. Taxation
My my, they have snookered you once again.
That's my point. Fair Tax or not, the Feds can pile on whatever they want, whenever they want.
:^}
That's my point. Fair Tax or not, the Feds can pile on whatever they want, whenever they want.
What's your worry then? You chose to believe the Feds are an omnipotent dictatorship imposed on you, obviously you don't have to do anything at all. Its already taken care of for you.
Afterall ostriches have made themselves a somewhat successful species by trying to look like a bush or tree bending over and hiding their head in the sand. Unfortunately low flying buzzards roost in trees and sh't all overthem.
Of course you could choose to work towards changing the paradigm. Your choice.
"Unless the Constitution is amended to remove the Income tax FIRST, anyone who signs on to this BS is going to be screwed."
How would you propose persuading congressmen to vote for an amendment abolishing the income tax before a consensus is reached as to what would replace it?
"The laugher is that people think the 16th amendment will be repealed."
Thise who think the 16th can't be repealed also don't believe that the FairTax will be passed. If they are correct, then we have nothing to worry about, do we?
"These guys will never give up their primary source of power, the tax code."
Incorrect. The tax code is a secondary source of power. The ballot box is their primary source of power.
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