Ohhhh, and would that, coinkidinkly, include homosexual abominations of nature as "approved family units"?
Whoops, there it is.
Can I get a, "NO SALE", from the choir?
Posted on 11/10/2010 3:44:17 PM PST by Dick Bachert
No question about it -- we are in deep trouble. Unemployment, manufacturing being killed here and jobs moving overseas, unrestrained spending and the resultant deficits being given cover by more and more printing press “money” and the inflation – or worse – that almost always follows, etc., etc. And when the new – ostensibly conservative -- members of Congress take their seats in January, we will only see the beginning of the long and painful process of retracing our steps back to Constitutional and fiscal sanity.
It points to the fact that much of our trouble stems from a failure to understand the immutable laws of economics, the nearly equally immutable laws of human nature and the definition of wealth.
Wealth -- REAL wealth in the classic Austrian tradition -- is created by combining things either dug from or taken from the earth (raw materials) with capital (plants and equipment) and labor with a concept of some THING or product an entrepreneur believes others will purchase because it adds value to their lives. Part of the problem is that our technology (computers, robotics, etc.) have significantly reduced the human labor component. But humans STILL need to conceive, make and maintain the technology that builds those end products.
The swift -- and those of a conspiratorial mindset would offer insidious and manipulated -- "globalization" in the corporate world has created an environment where the old patriotic nationalism felt by earlier American entrepreneurs has been replaced by a "devil take the hindmost" drive for a fatter bottom line. And, as a retired investor in a few of the largest firms in the world, I understand and benefit from that drive. Having said that, a phrase from Scriptures keeps running in my alleged brain: "For what shall it profit a man, if he shall gain the whole world, and lose his own soul?" Or, in the context of this discussion, the soul of his nation or his freedom??
During the struggle to build support for one of his key legislative initiatives, my just retired Member of Congress, John Linder, met with numbers of CEOs of Fortune 500 companies. When he asked them if the elimination of the so-called corporate tax (by the enactment of John's Fair Tax which would also do away with the hated PERSONAL INCOME TAX and most of the IRS) would cause them to build their new plants here, nearly all of them responded in the affirmative.
As an important aside, CORPORATIONS and BUSINESSES DO NOT PAY TAXES: They COLLECT THEM by adding their tax load into their products and services. Only PEOPLE pay taxes! Show me a business that does not add its tax load to its cost of production and I'll show you a candidate for bankruptcy. Unless they're running a counterfeiting operation (an activity frowned upon by the mac daddy of counterfeiters, the federal government, there are only a few places from which they can obtain the dough to pay those taxes: Their shareholders (by lowering dividends), their employees (by lowering wages) or their CUSTOMERS (by increasing prices).
Despite the lies being told by detractors of the Fair Tax, you should also understand that prices WOULD NOT rise under the Fair Tax! As pointed out above, what you're paying for things NOW already includes 22% or so for business taxes collected by these manufacturers but also the cost of legions of accountants and lawyers to decode and comply with them.
OK, so if that bottom line is the ONLY current measure of success, might I be so bold as to suggest that elimination of the corporate tax penalty by passage of the Fair Tax would be a good start on repatriating those plants now being built off-shore? While government (through our legal system and courts) has a legitimate interest and duty to protect individuals from genuinely predatory and unlawful business practices (the level playing field thing), perhaps these businesses would begin to again feel comfortable about coming home. Having said that, we must also remain vigilant to prevent these corporations from co-opting and subverting government for their own purposes. K Street is now hip deep in folks who command very large paydays for their "rent-seeking" activities on Capitol Hill. We should know in a few months if the new guys up there have the spines to reverse decades of that rent-seeking via the madness of the tax code.
I didn't start this intending to push the Fair Tax. I will, however, admit that I've favored that approach since my days as a national board member of the precursor organization to Fair Tax, Citizens for An Alternative Tax System (CATS), back in the mid-90s. However, as I moved through this thing, it settled in on me that the Fair Tax would give us a good start on solving a number of the problems this country now faces.
Unfortunately, until we replace more of those 10 term "legislators" with REAL Americans (or reeducate them), little will change.
As one Senator Everett Dirksen declared years ago, "When they feel the heat, they see the light."
We lit the burner on 11/2.
Let's turn to “High” in 2012!
I’m hip, let’s go !
Debt panel is proposing to chop out the mortgage interest deduction which is not needed under the FairTax.
Also they are looking at cutting Social Security so it seems it’s no longer worth paying into that bankrupt system. But under the FairTax the government is no longer involved in our paychecks anyways.
I think we are watching a perfect storm form for a revolution in taxes and other things.
I agree.
Let’s keep hammering on these new guys AND the old ones.
Don’t you guys get it? If they do the fair tax (a form of Value Added Tax), THEY AREN’T GOING TO REPEAL THE INCOME TAX. NO WAY, NO HOW.
So advocating for this stupid fair tax is a good way to massively increase taxes that we can’t see.
Much better: advocate for reducing the tax brackets, which makes tax breaks less valuable.
here we go again.
The fair scam includes:
a monthly prebate (entitlement check) paid to every government approved “family unit”. [democrats will demand and ever increasing living prebate]
ALL merchang must be registered with NuIRS. The old IRS will just merge into the new creature.
There is no zip nada guarantee the bloated government will not just keep this sales tax and the income tax.
Lobbyists WILL petition to have their client’s goods as a necessity. K street will never go away.
It is all in the bill, it is all there at http://www.thomas.gov without the nonsensical hyperbole of the t-shirt scam sellers.
Maybe I read it wrong or heard it wrong but I would prefer a flat tax where everyone pays the same tax rate regardless of what you earn this seems more fair to me because if lets say the rate was 20% people on the lower end would not be yelling to raise taxes as much because they would pay the same tax rate others pay. I don't care if you make $300.00 or 300,000.00 per year your tax rate is 20%. Just my opinion
It makes total sense for reviving our country and our economy, but you will never convince even 1/2 of the freepers.
They like they pile of poop they are sitting in rather than risk change.
Great post, Dick.
And, the nattering nabobs of negativity are already out spewing their misinformed opinions about FairTax.
Let us work together to overpower their negativity!
I’ll start: IT IS ABOUT FREEDOM, PEOPLE!
With the FairTax, each person gets to keep every single penny they earn, and they make decisions about how to work, save invest and spend their money FRee of the heavy hand of government.
That, to me, is worth fighting for!
It is no one’s business, particularly some damn government poobah, how much money I earn!
And with the FairTax, no one (except class warriors) will care how much you or I earn, or save, or invest, or spend!
Since their noses will be removed FRom our tents, they and their self-righteous brethren will be forced to slither off to the ash heap of history!
IOW, by my thinking, one of the side benefits of the FairTax (with both economic and non-economic ramifications), is it will put an end to the Marxist class warfare that has caused so much trouble in the US since the mid-1850’s. And, that is a good thing!
Who else is willing to take on the naysayers?
Your optimism is positively overwhelming.
I believe it was your great-great-great grandpappy who, upon hearing Paul Revere ride past his house, grabbed his musket, powder horn and balls (perhaps the lead ones used in his musket but we can’t be certain) and, mounting his horse, was seen riding at a gallop AWAY from Lexington Green. Neighbors reported that he was screaming “Fire on the King’s men? You gotta be shitting me?”
Strong genes in your family.
It’s only good if the IT is killed.
God implemented a flat tax. Everyone paid 10% regardless of whether you were rich or poor. If it’s good enough for God, it should be good enough for us.
The monthly prebate is a tax refund.
No particular items are listed as “necessities” - only an amount. The items chosen by the individual constitute his necessities.
That’s a good one-liner. But it won’t work - it’s not near enough for even FR people.
But if we can get some downward pressure on taxes and spending, we may get there.
[it will put an end to the Marxist class warfare ]
Sounds good but, um, didn’t “Marxist class warfare” predate the income tax?
In fact, FairTax does nothing to alter the (exploitable) flaws in human nature that have resulted in the state of affairs where “COMMERCE BETWEEN MASTER AND SLAVE IS DESPOTISM”... throughout human history.
I hear Homosexual activists are quite supportive of FairTax. Why is that?
It is the only tax system that makes since. Roll all federal taxes and fees into a national sales tax with no exceptions. Think about it. It sure puts a lot of sunshine on how much it cost us tax payer/consumers to run the federal government. The only decision our Elect Elite would have to make would be should rate be raised or lowered. As far as “K” street, there are more of us than them.
Why was that done if not to take us where we really don't want to go?
>>It is the only tax system that makes since.
Yeah, especially for the homosexual miscreants who are greeeen with envy over that extra $250,000 capital gains deduction on the sale of a house.
Especially those driven insanely mad over the tax-deductible status of Christian ministry...
Just a coinkidink? No ulterior motives behind the “Fiscaly Conservative” FairTax curtain -— are there?
Everybody loves a warm puppy, just like everybody hates the IRS; but hmmmm, I do believe Toto is growling at something...
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