TAX PING
"For most of American history, taxes were levied primarily on consumption, rather than income, and for good reason. In The Federalist Papers, Alexander Hamilton argued, "It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess."
All that changed in 1913, however, when the central government started taxing income. At that time, federal taxes were equal to 3% of GDP and the entire tax code was two pages. Now taxes are in excess of 20% of GDP and the tax code is more than 46,000 pages (including 481 separate tax forms). Additionally, taxpayers will spend a cumulative 6.5 billion hours complying with that code, and due to its complexity, more than half of taxpayers will rely on "professional preparation," costing them more than $200 billion."
I agree.
...that wasn't an "American principle," but a paraphrase of Karl Marx's Communist maxim, "From each according to his abilities, to each according to his needs."
Soviet dictator Nikita Khrushchev said of Roosevelt's "New Deal" paradigm shift, "We can't expect the American people to jump from Capitalism to Communism, but we can assist their elected leaders in giving them small doses of Socialism, until they awaken one day to find that they have Communism."
Echoing that sentiment was perennial Socialist Party presidential candidate Norman Thomas -- "The American people will never knowingly adopt Socialism. But under the name of 'liberalism' they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened."
And this is all one needs to know, dwell on, think about, until it is embedded in your thought processes which should enable action.
Corporate welfare for Government, Inc.
A company that defines all laws and regulation for itelf, extorting >30% of the income from every citizen and private company within its borders and serving overseas.
A company that regularly goes bankrupt, and solves the problem by stealing more.
A company that ensures criminals every opportunity to take another victim.
Employers of corrupt and murderous unions receiving obscene contracts for shoddy work, in return for votes.
Killers of Terri Schlinder, 1963-2005.
An excellent article.
Indeed it is.
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:
Great article.
End the marxist income tax. Cut spending and switch to a national sales tax.
"The present tax codes ... inhibit the mobility and formation of capital, add complexities and inequities which undermine the morale of the taxpayer, and make tax avoidance rather than market factors a prime consideration in too many economic decisions."
– John F. Kennedy, Jan. 23, 1963, special message to Congress on tax reduction and reform
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I wonder why he didn't say which "supply sider" president made this observation.