Skip to comments.Time Magazine: The Fair Tax has its moment in the sun
Posted on 01/08/2008 1:09:10 PM PST by Man50D
click here to read article
Well if you really read the bill, the rates AUTOMATICALLY increase. Part of the rate includes social security and bureacrats in the SS administration calculate how much they need to make all the payments and adjust the 'fairtax' rate EVERY year. But don't tell anyone.
You do realize there are automatic tax increases built into the fairtax.
With the current state or our government, nothing is guaranteed. But when more Americans understand what is going on, they tend to be more interested. Let's face it, as a nation of people, per capita, we are likely the most ignorant in the world of our own political affairs. We are apathetic as a result of our bloated prosperity. Most Americans do not even realize how great they have it. They invent causes to champion to add self worth instead of understanding what causes might benefit the nation and future generations.
Try and explain simple economics to the Hollywood Elite that are patting themselves on the back for opening schools in 3rd world countries or contributing to foundations to feed the world. They are likely to have hopping fits trying to grasp it. Most actors don't even understand how a bill is passed or what the role of the separate but equal branches of government are.
If I sat with you to review the 50 page budget of a $100 million dollar project, we might start with the cost of a tap fee for a water main connection. A week later, we would be talking about landscape service fees and will have covered everything from the cost of door knobs to roofing systems. What if I just show you a picture of the building and tell you it is $100 Million Dollars. You say, "That's too much. We need a smaller building."
The tax code today can't be wrapped in a neat picture and citizens glaze over. The Fair Tax is simpler.
And what stops Congress from spending more that what comes into the treasury. Please somebody tell us all.
Unless I missed something in the last 5 threads on the National Sales Tax Congress is free to continue to spend what it does not have.
Oh, at least it was fresh to see that this article did agree that the rate was a shade less than 30%.
FIY to those tilting at "radical change"...
"Its the Spending, Stupid!!"
Yes, but the “code” can’t be changed the way it is today, if implemented properly.
It is a signal advantage of taxes on articles of consumption,
Wow, post #11, #12, #17....they sure have the talking points down. LOL!
James Madison also elucidated a very limited view of the “General Welfare Clause” in Federalist 41.
The Madisonian view was specifically rejected by the Supreme Court. They embraced the expansive Hamiltonian view, ushering Socialism into the system.
Here’s an interesting article......
One man, one vote, one tax bill.
Everyone gets treated equally under the law.
No rates, no schemes, just a simple tax bill to be paid by everyone.
Yes, but the code cant be changed the way it is today, if implemented properly.Who says? Boortz?
Who says? Boortz?
I don't know, let's argue about what makes crap stink.
“And what stops Congress from spending more that what comes into the treasury. Please somebody tell us all.”
The Fair Tax is a revenue collection reform plan, not a spending reform plan.
I don't know, let's argue about what makes crap stink.There's no argument to it. It starts with your post.
And, therein lies the real crux of this issue, the meat of the problem...Tax reform without Spending reform is a ridiculous ‘fix’. At the same time we force the funding solution to a consumption basis, we need to force the government to return to consitutionally mandated limitations that will serve to cut hundreds of billions of dollars out of the Federal budget...
For example, there is no constitutional authority for the Department of Education, Federal Healthcare services, etc. And, the Fair Tax eliminates the IRS (more billions saved).
I agree completely that spending needs to be reigned in. All I’m saying is that the Fair Tax is very focused on the revenue side... that’s all it is intended to do (which is still quite a lot).
Agreed. I’m a supporter of the Fair Tax, but I find that the arguments are sometimes off the mark, and rarly mention the need for concommitant spending reform in order to make a properly balanced approach to governmental economics.
Let’s keep fighting the good fight. The Fair Tax is the right tax, if there can be such a thing...
Like our tagline, BTW!
The 'rats in control couldn't care less.
Most actors don’t even understand how a bill is passed or what the role of the separate but equal branches of government are.
Trust me, most AMERICANS don’t understand these things. Actors as a class are probably only slightly dumber than average.
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