Posted on 12/13/2004 8:29:41 AM PST by Bob J
There will be no 'fair tax'. Trust me.
That's the GAG! You're paying it ALREADY!
Hint: Corporations and businesses pass their income tax burden onto their customer base.
Additionally, the FairTax has something called the Family Consumption Allowance (FCA), which provides every legal resident of the U.S. with a "rebate" equal to the poverty line (subsistence spending) times the tax rate, paid monthly. This essentially untaxes subsistence level spending.
If you spend only up to the poverty line, your effective tax rate is 0%. If you spend double the poverty line, your effective tax rate is half of the NRST (FairTax) rate. and so on.
FairTax/NRST ping
If you would like to be added to this ping list let me know.
John Linder in the House & Saxby Chambliss Senate, offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright, and provide a IRS free replacement in the form of a retail sales tax:
H.R.25, S.1493
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information: http://www.fairtax.org, http://www.salestax.org & http://www.geocities.com/cmcofer/ftax.html
There will be no 'fair tax'. Trust me.
"The only thing necessary for the triumph of evil is for good men to do nothing."
--Edmund Burke (1729-1797)
"You are also jumping to the assumption that a reduction in costs (assuming there are some) would be passed on to the consumer as a price reduction."
-- Yes, I am assuming that the savings would be passed on. Why? Competition!
FAIR TAX Constitutional Freedom Bump
Edmund Burke never worked with this congress. They don't have either the sense or the will to upset the welfare apple cart at this point. In order to be fair, you would have to tax everyone. That would hinder the redistribution of the wealth. Read my lips:
They will not do it.
"You are also jumping to the assumption that a reduction in costs (assuming there are some) would be passed on to the consumer as a price reduction."
For the millionth time - it isn't an assumption, it's an economic reality.
I was talking to my daughter the other day about her classwork. She's a sophomore in college and she just completed her first economics course. I asked he if they still teach the concept of the elasticity of demand. She said they certainly do. It's too bad more people don't understand basic macroeconomics, or that question/objection wouldn't keep popping up.
"I asked he"
S/B I asked her
Edmund Burke never worked with this congress. They don't have either the sense or the will to upset the welfare apple cart at this point.
They do it when the preceive their cushy jobs at risk. For if they do not their replacements will.
The Honorable James DeMint (R-SC)
United States House of Representatives
APRIL 5, 2001
- "There has been a shift in the relationship between individuals and government, he argues, such that fewer and fewer are paying taxes at the same time that more and more are receiving increasingly generous benefits. If it becomes the case that most voters do not bear a financial burden for this largess, then there will be little to restrain--and significant political incentives to encourage--the continued growth of government.
| I discussed the importance of abolishing the income tax because of its tendency to form a habit of servility in the souls of a people that accepts it. Servility of soul is bad not only in itself, it is also an open door through which will soon walk the abuses of ambitious government power. Leaders who find themselves with governmental power over a servile people will be quick to conclude that such a people exist to serve them. |
Their jobs are not at risk. There is no groundswell for fair tax amongst the working stiffs.
I listened to my own Senator, one of the most conservative, throw water all over this proposition last week. It's not going to happen because there aren't enough people to make it happen and the risks that accompany it are too great.
It's not going to happen because there aren't enough people to make it happen and the risks that accompany it are too great.
As I said,
"The only thing necessary for the triumph of evil is for good men to do nothing."
--Edmund Burke (1729-1797)
It doesn't take a majority of folks to make it happen, only a few percent make the difference between a congressional seat and no place at the table, in most places.
You start with those "working stiffs" yours, and they can and do get it, when presented with it. I know I have been one all my life.
a free people that pays slave taxes to its government is willingly training itself for bondage.
---Alan Keyes 1999
"It's not going to happen because there aren't enough people to make it happen and the risks that accompany it are too great."
You sound like you believe that allowing the current system to continue to grow like a cancer, as it has for the past several decades, is a low risk alternative. At current growth trends, our progressive tax system will exceed 100,000 pages by 2010. That optomistically assumes that it doesn't collapse of its own enormous weight before then.
We will have serious Fundamental Tax Reform - you can count on it. The question is whether we do so before or after we have a meltdown of our current system of federal taxation.
In addition, I didn't even mention our trade deficit, currently at $600 billion per year. As long as we have a tax system which puts our producers at a disadvantage vs their counterparts in other countries, you can expect that trend to continue. As Allen Greenspan recently warned, this isn't a sustainable trend. Sooner or later, this problem will have to be addressed.
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