Posted on 01/31/2005 7:12:16 AM PST by bmweezer
Perhaps I over reacted to what I thought that you meant in this post.
If someone who makes less than I do has to pay the same percentage, they pay less, more fitting to their abilities.
I tend to freak over 'ability to pay' comments.
Amen! This is the only way to recover any of the billions that illegals and others working on a cash basis avoid by not paying payroll taxes.
"...There should be no resistence to exempting after-tax money previously saved unless this really is a scheme for the government to make money in the short-term to help reduce the deficit...."
Think about the logistics of doing this. How would you exempt this money without tracking all expenditures and withdrawls from these accounts? Do you want to re-impose an Orwellian tracking and reporting system? The Big-Brother enforcers? Think about what you are really saying here.......I could and would sign on to this as a saver and investor...but not at the expense of reimposition of the Gestapo.
If you can propose a method by which these accounts are exempted from tax when the contents are spent, WITHOUT the Gestapo looking over every transaction, I'll agree to it and advocate it. But I really don't see a way to do it without tracking and reporting that would be as bad or worse than what we currently have.
One of the beauties of the FairTax is that all of that Orwellian mess is eliminated. I'll pay for that...for myself and my children.
On the internet, what can you love except someone's mind, as revealed by their posts? Hence, a proper "love" from a FReeper hillbilly granny. Not much, but it's the best I've got. ;-D
Thanks for such kind words. I got to meet Gabz at CPAC last year (would you believe that she had a drink AND a cigarette? ;-) All I had was a drink or two. LOL
When faced with legitimate questions from someone sincere, I will try hard to answer them and win them over. Some poster's questions fail to generate that same kind response from me. But I still try to behave myself because there are other people reading that can be helped by a calm reply.
BTW, I just became a grandfather too. Pretty cool stuff, but I haven't had too much of a chance to spoil him yet.
How about starting with EPA, NIH, NPR, NEA, FCC,(the alphabet soup list is endless) then start looking at the multi-levels of unnecessary bureaucracies all through the federal government. Cutting ~40% of government is actually rather easy, without even touching on the necessities, such as national defense.
Thanks for the clarification.
Does this mean that I'm human? ;-)
I wish I could go to FReeper stuff so I could meet some of the people I enjoy reading posts from...Gabz is one of my favorites.
Congratulations, Grandpa! Isn't it wonderful?
Conservative Goddess and you have really done a service for us all, on this thread. I appreciate this so much!
Pete DuPont taxing library books........sheesh.....you're even more confused than I am.........and that's saying a lot!!!!
It does have a familiar ring to it.
"From each according to his ability-to each according to his needs"
Gee, where have I heard that before?
I am under no illusion that my taxes would go down. I know that they will increase. That's not a concern for me though. Ideologically, this is a necessary first step in reducing the size, scope, and power of the government.
I understand how the tax will be disclosed. The rates ranges were good faith guesstimates of what the government takes now.
My point is that the price of any item will decrease with the removal of the imbedded taxes BEFORE that FairTax gets added back in. Overall prices will remain relatively stable.
I would rather pay tax on the interest than on the principle.Why? On a 30 year loan you pay more on the interest than the priciple.
I asked for an explanation, not a reason.
However I see that unlike others on this thread, you do not seem to be willing to assist those seeking information.
Have a good evening.
How about starting with EPA, NIH, NPR, NEA, FCC,(the alphabet soup list is endless) then start looking at the multi-levels of unnecessary bureaucracies all through the federal government. Cutting ~40% of government is actually rather easy, without even touching on the necessities, such as national defense.Then make those cuts part of the bill, because right now the FairTax effectively cuts the budgets of every department equally, across the board.
My point is that the price of any item will decrease with the removal of the imbedded taxes BEFORE that FairTax gets added back in. Overall prices will remain relatively stable.Not with out wages dropping.
In my very first post I openly stated my opposition to the regressive nature of sales taxes.......but I didn't say I opposed this idea outright.
As you so kindly stated earlier, I will dig in and a defend a position I firmly believe in. On this issue I really didn't have a position and so basically have an open mind.
I can see how the FairTax proposal, if, properly implemented would bethe total opposite of the general regressive nature of sales and excise taxes.
Try it. You'll do something that no one else has been able to do, but let me tell you this. . .
To me, it is more important to drive a stake thru the heart of the IRS and the Income Tax than what the net effect is on prices and rates.
I am convinced that prices will fall immediately and that the FairTax rate will continue to decline over time. I know that my taxes will go up and I'm willing to pay that price for the greater good. To me, it's worth it.
You seem to want to make it sound like a bad thing that we would regain a manufacturing base here on our soil again.
Is that what you intended?
Sometimes these focused, linear threads veer into the realm of the bizarre and inexplicable.
Especially once "Darksheare" arrives.
:0)
-good times, G.J.P.(Jr.)
I still don't see that as a valid argument. I know it has been made but the reasons for it don't exist as far as I can tell.
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