Since the rich consume more than the poor it would hardly be the same tax. Only the percentage would be the same not the end result. Rangel has to know this.
Oh Charlie, do tell us what is "Fair" then?
Let me guess...
And in other news Rangel responded up was really down, hot was cold and light was just a shade of dark.
Well, he's a socialist. What else would he say?
Charlie: Did you know I served in Korea? Well I did. Couple Korea with the fact I am black and metally challenged (Liberalism is a Mental Disease). I can say any stupid thing entering my mind and you can't even attempt to correct me.
Rangel is the same, only a large man from a large state.
Rangel's just being his knee-jerk leftist self. Other conservative pundits have suggested pinning down liberals in debate about taxes. It's all about getting them to admit that to a lib the primary purpose of taxation is not to gather revenue for the functioning of government but to punish people who make a lot of money. Rangel is one of those safe-seat dems who have been doing the manure-throwing recently. Greenspan did not say what everyone does not already know but have been afraid to, or would rather die than, state openly. But the dems are still shooting themselves by attacking him.
I would still go with a flat-tax, however. It has a long, successful track record: from Hong Kong beginning in the fifties to all the former Eastern European and former Soviet vassal states (including Russia itself) over the past decade, we know it works. A consumption tax is too untried and too easy to simply add on to the existing system.
IMO this is one of the most powerful arguments for revamping the Code. The amount of time, effort and real resources spent by individuals and Corporations in their efforts to comply with the tenets of this monstrosity are incalculable but enormous.
Add to this the distortions engendered by the 'Favored' actions dictated by the Gov't, influenced by Lobbyists and reinforced by the Code and it seems very clear that the current system is a serious impediment to growth and proper market function.
Rangle wrangling with the demise of socialism.
This guy is such a transparent moron! But, everytime he opens his yap he aids the Republicans, so I guess I'll just add him to the pile of "useful idiots."
Does anyone honestly think our high roller politicians look out for the little people first. I don't think there is much chance of a "flat tax" ever passing because of the powerfuls need for greed. "I made my money the hard way" they will say, so I deserve to keep it. Do our politicians of today really look out what is best for us or for them?.
A FLAT income tax is the ONLY way to go.
Is there absolutely any doubt that the Democrats are devoid of any new ideas? All they do is attack anything proposed by the Republicans. It's why we are steadily becoming the overwhelming party in power.
But there can be no denying the real problem politicos have with a simplified tax system. They will lose the ability to write special favors for their cronies and supporters into the tax code. That, and social engineering schemes. That is why it grows by scores of pages every year. To abandon the old system is to give up power. And clinging to that power is as bipartisan an issue as ever there was.
Somebody send the Commie Rangel to Cuba...In a circus cannon.
"When you have a tax, where you pay the same tax whether you're wealthy or you're poor," Rangel said, "that's not fair."
The gift that never stops giving.
A Taxreform bump for you all.
If you would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25), offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
ping for later
When I read the headline, I thought at first it would be an item from Scrappleface.