It's revenue neutral with respect to reduction of the corporate income tax.
but it does nothing to eliminate either the income tax OR the IRS.
I do not endorse such radically disruptive extremism.
Repacing the IRS boogeyman with the welfare pimps entrenched in the Social Security Adminsitration is an abominable idea anyway.
Willie, Willie, Willie...
Sounds like your ox is getting gored.
Just what is your vested interest in the status quo anyway?
Wow. I'm amazed how timeless the arguments in favor of the NRST are...and by how little your stubborn refusal to be truthful about this proposal has changed.
"You're still ducking the question, but at least you partially responded to it by admitting that an income tax was not fair.
The NRST (your consumption tax) is fair since it does, in fact, tax a person's ability to pay. That is exactly what is being taxed - and only to the extent that the person is voluntarily "paying" to purchase something. It is generally a conscious choice under the control of that individual and indicates that the person believes he has the ability to pay for (and thereby pay taxes on) that particular thing. If he hasn't the ability to pay he won't buy. It's up to him and since he is taxed at the same rate as everyone else it is the epitome of fairness, but any choice made to save or invest (thereby helping increase the capital pool to create jobs for others) is not taxed.
OTOH, with your net worth tax even though the rate may be the same, what is being taxed is the very economic success that has helped to make this country great - you are penalizing success. There is nothing fair about that and the present income tax system does, basically, the same thing.
Since you seem unable to bring yourself to admit openly that the income tax system is unfair, inefficient, and in need of being abolished as any part of the tax law of this country, I'll desist (at present) from asking you again. But, in the future should you continue to post in this vein I'll return to question you about it again.
It still, however, perplexes me as to who it is you think bears the economic incidence of tariffs. Perhaps you should read "Economics In One Lesson", the Henry Hazlitt classic, to find out.
Little Willie is "The Worst President In American History".
74 Posted on 03/21/2000 08:52:50 PST by pigdog"