Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: azcap
Frankly, I feel that both the NRS tax and the flat-rate income tax have their own set of advantages. Both eliminate much of the useless complexity of the present-day code. Both have an element of fairness in that neither allows politicians to essentially steal money from one group of people to buy votes from another - everyone is treated equally as they should be, subject to their own economic prowess.

Now the retail side of taxation has the benefit of being able to collect taxes from American and foreign labor somewhat equally. Since the tax is on the product rather than the means of production, American industry need not pay a premium to US workers to overcome the burden of taxation - a premium that makes job deportation more pleasant. Retail tax also gives the buyer the ability to directly control the amount of taxes they pay, through means of their purchasing.

Both plans have some small avenue for "cheating", and I can't really say which one might be more secure. But I can say that either plan would be a welcome alternative to the convoluted, inherently unfair, redistributing, overly complex method we use right now.

48 posted on 11/01/2003 6:13:07 PM PST by meyer
[ Post Reply | Private Reply | To 47 | View Replies ]


To: meyer
Under the national retail sales tax, the tax is on the product rather than the means of production,.

This is hugh and series. It means US goods manufactured here and sold abroad can earn the same profit margin for prices that are 22% LESS! And since the retail tax would be levied on any good sold in the US, imported goods would have to pay the 23% tax- eliminating their government subsidy.

This is one of the more important reasons to support the nrst...prices of exports go down by 22% while prices of imports increase.

This would be really good for jobs in the US. This would be really good for our trade deficit. This would even be good for tax revenues- meaning the overall rate could be reduced soon!!

Check it out here - it just takes 4 minutes!

65 posted on 11/02/2003 6:16:03 AM PST by Principled
[ Post Reply | Private Reply | To 48 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson