[RobFromGa]

I agree with what you are saying, for many of us that run businesses it is clear that we don't have 20-25% to wring out of our costs if we aare going to give all the money that is now paid to the IRS directly to the person it is now being withheld for.

The FairTax rate on purchases is actually estimated to be 30% on top of the price of goods and services.

I agree with the statement the we need to adjust the current system first as you say. Plus we need to reform the spending side of the equation, most importantly Social Security that is going to dwarf the rest of our spending a little ways down the road. This needs to be privatized.

[sitetest]

Dear RobFromGa,

"Plus we need to reform the spending side of the equation, most importantly Social Security that is going to dwarf the rest of our spending a little ways down the road. This needs to be privatized."

Bears repeating.

Multiple times.

"Plus we need to reform the spending side of the equation, most importantly Social Security that is going to dwarf the rest of our spending a little ways down the road. This needs to be privatized."

"Plus we need to reform the spending side of the equation, most importantly Social Security that is going to dwarf the rest of our spending a little ways down the road. This needs to be privatized."

"Plus we need to reform the spending side of the equation, most importantly Social Security that is going to dwarf the rest of our spending a little ways down the road. This needs to be privatized."

If the federal government absorbs 20% of GDP, give or take a couple of percentage points, collection of tax revenues to maintain that spending level will distort the economy, no matter how they are collected.

If the federal government absorbs 20% of GDP, the federal government must collect so much in taxes that many people will work to avoid or evade taxation. It's just like Willie Sutton and bank robbery - it's where the money is.

Cut the federal share of GDP to 12% or 10%, and many problems will disappear.

It could even someday become feasible to introduce a broad-based consumption tax, as the rate would not have to be 30%, and it would engender less evasion and avoidance, and distort the economy a lot less.

Privatizing Social Security would be an excellent first step.


sitetest