[ancient_geezer]

can you elaborate on his pov?

I prefer to let Willies posts speak concerning his pov:

His preferred tax system:

• http://www.freerepublic.com/forum/a38d4f00c0439.htm
• http://www.freerepublic.com/forum/a38d4f00c0439.htm#158
• http://www.freerepublic.com/focus/news/641177/posts#10

Reason for opposition to the NRST

• http://www.freerepublic.com/forum/a38d4f00c0439.htm#131
• http://www.freerepublic.com/focus/fr/640221/posts?page=70#69

[Willie Green]

Cool!!!
But you left out some of the details.
Let me help you out.
I think you'll remember this one:

The NRST is an inherently regressive form of taxation that is truly despotic.
Long term, it would result in a two-tiered socio-economic stratification of our society.
It is not disimilar to a 21st Century eco-feudal system where the corporate aristocracy invest and expand their property holdings completely tax-free, while the serfs are overburdened with the excessive taxation on consumption and persuaded that it's supposedly "fair" because the consumption taxes are redistributed through the formal social welfare system.

[Willie Green]

And of course, there are these:

Posing as "tax reform", the NRST (HR 2525) also represents a "land grab" where business interests are favored over individuals purchasing for their own use:

• A family purchasing their own new home for $200,000 pays NRST at a tax-included 23% rate. This means that of the $200,000 paid, $154,000 goes to the seller, and the Gov't receives $46,000 in tax.

• A landlord/investor can exploit the business exemption of NRST and purchase the same new single family dwelling tax free as a rental investment for only $154,000. Tenants pay NRST on rent and Landlords act as tax collectors for the government

• The $154,000 vs. $200,000 purchase price advantage that landlord/investors enjoy over individual personal homebuyers can be expressed two ways:
  • Landlord/investors enjoy a 23% discount compared to the individual personal home buyer.

  • Individual personal home buyers must pay 29.87% more than landlord/investors.

This a significant inequity between individuals trying to buy their own new homes and landord/investors looking to buy the same single family dwelling as a rental investment. This disparity has long term implications affecting the distribution of private property. The American tradition favoring individual property rights is reversed. The NRST would discourage individual "consumption" of real property.

"A home is NOT an investment, W/G, but merely a place to live."

Posted on 03/26/2001 16:27:50 PST by pigdog

To: pigdog, Willie Green

It's amazing how many people view a home as an "asset," as well. It's a frickin' LIABILITY.

90 Posted on 06/29/2001 09:45:01 PDT by Poohbah