Amen to this geezer. I have researched this proposal and I really cannot find ANYTHING truly negative. The privacy advocates will staunchly ridicule it but, frankly the information they are worried about is for the most part already available about them so what are they so worked up about?
This plan will be a watershed proposal and will cause a tremendous amount of money to be reinvested and recycled many times and will only be a benefit to all U.S. citizens. The simple fact that we eliminate the IRS finally and forever is enough to make me cheer. The goons in black suits really make me nervous. Just let you goof on your return or make some other honest mistake in years past and they mercilessly pounce down on you like a cat on a mouse. You don't stand a chance and they LOVE to exert that power over the populace.
Some worry about privacy - the IRS is much more of a threat to you than the APT Tax would EVER be.
Amen to this geezer. I have researched this proposal and I really cannot find ANYTHING truly negative.
I can. The APT tax hides the burden of excess government from the view of the electorate. All taxes in the end trickle down to individual citizens who ultimately bear the burden of the APT in lower wages, lost returns from retirement investments, and higher prices.
Merely hiding taxation from view or disguising its nature by taxing every movement of money and assets at a low nominal rate does not change the fact that govenment extracts over 30% relative to household income through consumer expenditures and savings and investments.
With the low visibility of the APT, the worst aspects of VATs and corporate taxation come to play in creating a money machine for government at the expense of the economy and welfare of the individual citizen.
Sorry I just don't go along with your rosy assessment of the APT. It is a formula for economic disaster and unbounded growth of government weighing heaviest on those at the bottom of the economic ladder.
The National Retail Sales Tax(NRST), of HR25, on the other hand provides the necessary visibility for the electorate to react to. Each citizen perceives the cost of government directly, and not camoflaged and embedded into inflated prices and lost wage increases. Furthermore relief from the tax is provided in a monthly demogrant to all legal residents that cover the NRST upto the HHS provertyline of expenditure. Savings and investments are not taxed under the NRST encouraging thift and promoting independance from government programs like Social Security.
All in all, I see a much better system in a National Retail Sale Tax as opposed to a system that hide the burden for the view of those who should be aware of what government is costing them.