Posted on 06/26/2014 6:47:49 AM PDT by SeekAndFind
“ABOLISH THE IRS.
REPEAL THE 16th AMENDMENT.”
AMEN!
There has never been a better time to take out the IRS.
THE FAIR TAX WOULD BE THE BIGGEST TRANSFER OF POWER FROM DC BACK TO THE PEOPLE IN THIS COUNTRYS HISTORY.
The FairTax is replacement, not reform. It replaces federal income taxes including personal, estate, gift, capital gains, alternative minimum, Social Security, Medicare, self-employment, and corporate taxes.
The FairTax brings jobs back to America by allowing companies to operate on our soil tax free rather than paying the current corporate income tax of 35 percent. Under the FairTax, various economists have predicted higher economic growth ranging from 7 to 14 percent over the current system, more jobs, and higher wages.
With the penalty for working harder and producing more removed, Americans are free to keep every dollar they earn, and a new era of economic growth and job creation is unleashed. Hidden taxes are history, Americans are able to save more, and businesses invest more. Capital formation, the real source of job creation and innovation, is facilitated. Gross domestic product (GDP) increases by an estimated 10.5 percent in the first year alone. The FairTax as proposed raises the economys capital stock by 42 percent, its labor supply by 4 percent, its output by 12 percent, and its real wage rate by 8 percent.
As U.S. companies and individuals repatriate, on a tax-free basis, income generated overseas, huge amounts of new capital flood into the United States. With such a huge capital supply, real interest rates remain low. Additionally, other international investors will seek to invest here to avoid taxes on income in their own countries, thereby further spurring the growth of our own economy.
I knew that JFK was the one who brought in PSUs but I didn’t know it was a payoff to George Meany. I thought I read somewhere that even George Meany didn’t approve of PSUs.
There seems to have been a change from the 1930s and Meany’s 1955 view, as the democrats and unions came to see that PSUs meant more dues and power, and gain.
“George Meany, the president of the AFL-CIO from 1955-1979 who came out of the building trades, argued that it was impossible to bargain collectively with the government. Private unionists more generally worried that rather than winning a greater share of profits, public-sector labor would be extracting taxes from a public that included their own workers. But in the late 1950s, with the failure of the labor movements organizing campaign in the South, Meanys own executive council insisted on the necessity of winning the right to organize public employees.
The first to seize on the political potential of government workers was New York City Mayor Robert F. Wagner. The mayors father, a prominent New Deal senator, had authored the landmark 1935 Wagner Act, which imposed on private employers the legal duty to bargain collectively with the properly elected union representatives of their employees. Mayor Wagner, prodded by Jerry Wurf of the American Federation of State, County and Municipal Employees (Afscme), gave city workers the right to bargain collectively in 1958.
Running for re-election in 1961, Mayor Wagner was opposed by the old-line party bosses of all five boroughs. He turned to a new force, the public-sector unions, as his political machine. His re-election resonated at the Kennedy White House, which had won office by only the narrowest of margins in 1960.
Ten weeks after Wagners victory, Kennedy looked to mobilize public-sector workers as a new source of Democratic Party political support. In mid-January 1962, he issued Executive Order 10988, which gave federal workers the right to organize in unions.”
Thank you for explaining that. I wasn’t sure about the details as it was some time ago that I read that.
The 16th amendment did not legalize an income tax. Abe Lincoln had an income tax. What it did was remove the requirement that it had to be proportioned by state.
So, even if we repeal the 16th, Congress can still impose an income tax. They just have to let each of 50 states know what their fair share is, and then those legislatures go about figuring the best way they want to collect it in their state....a states rights, republicanism kind of approach to taxation.
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