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To: raybbr

This covers most of the domestic ramifications. Carrying it further, explains a considerable amount of problems we have trying to impose it on the rest of the world. The biggest fly in the ointment will be the depression that comes following the complete corporatism of the state. Capital formation is still required to feed the corporation and state. When it ceases, as it appears now, the corporaton and state both fail.


6 posted on 05/30/2004 3:52:16 AM PDT by meenie
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To: meenie; *Taxreform

Then support HR 25 and S 1493, AKA the FairTax Act. The FairTax is a national retail sales tax (NRST) that would replace the income tax and repeal the 16th amendment.

The passage of the FairTax would seriously cripple American Corporatism by denying the FEDERAL Government of manipulating businesses by manipulating the tax code. There will be no income tax, there will be no corporate tax, there be no capital gains tax, there will be no corporate welfare, there will be no estate tax, there will be no federal taxes other than a 23% sales tax applied to every retail good purchased. Businesses will no longer pay taxes, yet they will no longer recieve corporate welfare as a political favor.

Of course, we'll still have the problem of corporatism in the form of:
(1) the Federal Reserve
(2) State and Local Governments
(3) federal spending programs

But the most egregious form of American Corporatism: the manipulation of american business through a "penalty and rewards" system of taxation and subsidies.

If you have any questions, ask me or anyone else on the [*taxreform] ping list.


7 posted on 05/30/2004 4:06:33 AM PDT by Remember_Salamis (Freedom is Not Free)
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