Posted on 08/15/2005 5:55:06 AM PDT by OESY
The only way to get rid of lobbyists is to make donations from anyone who does not have a constitutional right to vote illegal. This takes out churches (but not their members), unions (but not their members), lobby organizations and PACs (but not their members), etc. I also would limit donations to those in the actual constituency of the election. Now, how to enforce that is a different, and potentially prohibitive, issue.
Why, he is correct. Rich people can buy all sorts of things in foreign countries and save 30% tax. It's not like they have to bring everything back in the US or report it. Of course without any IRS (or so the claim is) whose going to check if consumers are cheating the system? The fair tax will be a huge boom for the rich.
I like the flat tax better because it helps the economy far better than the "fair tax." The "fair tax" assumes that products and services can absorb any changes - but they cannot.
My clients will not take on an additional 20% tax hike onto the services I provide. Its rediculus. Forbes is right. The flat tax is proven and is simplistic.
In either case I hope that businesses still would get tax write offs for expenses. If they do not, we will be hosed.
"Reality is usually scoffed at, illusion is king." The founding fathers never wanted an income tax, a fed, an activist court nor a state-run education system. As far as I'm concerned, Optimists 0, Realists 0. Just WHO do you think is going to stop this landslide into mediocrity and declining standard of living - the optimists? Better give them all AK 47s and a hotline to the Congressional Voting Record.
BALONEY!
As a small business owner, I will be forced to stick an additional 20-30% sales tax on my services - my clients will not be able to afford that, which means I will take a hit on the income.
That goes with all services and products. The savings we get from our personal income taxes is not nearly as much as we will have to pay in a huge sales tax.
Just say no to "fair tax." Its a fraud that will kill small business.
Well said. They also did not want a standing army, knowing that just such a beast would prohibit citizen reforms and have the trappings of a tyranny (the same reasons Rome outlawed standing armies in Italy during the Republic until Julius Ceasar ignited civil war by taking his army across the Rubicon; thus ended the Roman Republic).
Service providers get hit hard. But just think how easy it will be to send in your 23% of your gross to the government each month. Just one simple form and your check. Boy, I bet you could just set it up where the federal government just automatically takes 23% of all your deposits out. That would really be easy. And that doesn't even include what the states will add on.
This would be one of the best reforms in government. It would eliminate in a stroke a lot of the payoffs by special interests. It also would be fairer, and more economical.
Why add a new set of social engineering tools. Just because you like those more than the current ones?
What's passed in the first year need have no relation with what's passed in the next.
The Fair Tax eliminates all that and leaves the poor and middle classes with more money to do the things you suggest, and they do them for the money they will make rather than for the money they will keep away from the government.
As for the rich, who cares how much they have or what they do with it. Unless they keep it in millions of mattresses or jars buried in the backyard, they will put it to work helping the economy. Even if they just stuff it in the bank or other financial instruments that money is reinvested in the economy. That creates jobs and millions more people buying things. That more than makes up the money they spent on used yachts rather than new ones.
You seem too smart to have overlooked all this. Another agenda?
TANSTAAFL.
I'd rather return to a currency backed by something solid, and not the full faith and credit of the US government, which is, frankly, worthless.>>>>>>>>
Me too, our conversion to fiat money has resulted in unending inflation which is being very much understated in official figures. Most of those now under forty years of age have no real understanding of this. A lunch for two at McDonalds now can cost more than what the average person earned for eight hours work when I was a small child,(I was born in 1944). A Ford model 8n farm tractor cost around $600.00 new when I was a little guy, the same amount now is not even a good week's wage. We have reached the point that anyone with a halfway decent job will earn as much in two years as my father earned in his life time and he supported a wife and four sons. My mother only worked a job for a short time when I was very small and she started out in a sewing plant for 20 dollars a week and received a raise to thirty dollars a week after completing training. She said she didn't know what to do with all that money as it was more than she had ever seen in her life. The dollar has been devalued beyond recognition and the process continues.
Great idea but with the attendent problems you mention. I would rather deal with those problems, though, than the unions and the Soroses.
Yeah I keep getting stumped on how to make it happen in a way that would not infringe on anyone's 1st Amendment rights.
As a small businessperson, I already have to work for free as a tax collector for my state,I don't need another nonpaying job working for the Federal government.
Then you will be glad to know that you would be remitting the federal retail sales tax to your state on the same returns, and be paid to do so under the FairTax legislation. This coupled with no more federal income or payroll taxes to be filed with the feds is a strong advantage over the current system.
You really should look into the legislation rather than through out inaccurate knee-jerk comments that miss the mark.
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 replace them with with a national retail sales tax administered by the states.
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:
By the way, the National Small Business Association endorses the FairTax Natioal Retail Sales Tax legislation.
As far as the Flat Tax proposal's impact on business, I suggest you read the Vern Hoven tax seminar piece about it:
Flat Tax as Seen by a Tax Preparer
by Vern Hoven
Apparently not enough. Care to try some specifics?
... and rose-colored glasses don't begin to describe how its advocates view it.
As opposed to the blinders worn by the opponents.
I was a sceptic at first myself but learned enough not to be. The only weakness of the Fair Tax is it is still vulnerable to crooked and greedy politicians. If we get rid of those we could eliminate many, many problems. Until then, the Fair Tax gives us a good restart with lots of experience on how to cut them off at the pass.
Well said and spot on target!
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