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The Case for the 'FairTax'
Wall Street Journal Online ^
| March 7, 2005
| Laurence J. Kotlikoff
Posted on 03/08/2005 9:20:44 AM PST by n-tres-ted
click here to read article
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To: ancient_geezer; groanup
61
posted on
03/08/2005 10:25:50 AM PST
by
expatpat
To: numberonepal
For some reason they believe achievers should be the keepers of others. I do not understand or tolerate this mentality in the least.
I am in total agreement.
62
posted on
03/08/2005 10:26:29 AM PST
by
Eagle of Liberty
("Science without religion is lame; religion without science is blind." —Albert Einstein)
To: camle
already with the "exemptions/rebates! how long before the politicians errode those "reimbursements" into nothingness?
And your grand solution to tax reform is?
63
posted on
03/08/2005 10:27:18 AM PST
by
Eagle of Liberty
("Science without religion is lame; religion without science is blind." —Albert Einstein)
To: Willie Green
"All consumption taxes, including sales taxes, discourage consumption."
And all income taxes discourage production. Given that economists are virtually unanimous in their concern that our rate of savings and investment is too low, how would you propose addressing that without affecting consumption?
To: Wolfie
If you're paying 23% sales tax for a widget, and you earn $30,000 per year, the sales tax is taking a bigger bite out of your income than if you earn $100,000 per year. That's regressive.
You haven't read the whole plan.
What is your solution?
65
posted on
03/08/2005 10:29:38 AM PST
by
Eagle of Liberty
("Science without religion is lame; religion without science is blind." —Albert Einstein)
To: Kerretarded
I don't care if they tax all of my consumption if I get all of my income.If that is the case, then you will have less gross income then you net now, and the government will also have less gross revenue. That's the real world effect of an NRST.
66
posted on
03/08/2005 10:30:04 AM PST
by
elbucko
(A Feral Republican)
To: camle
already with the "exemptions/rebates! how long before the politicians errode those "reimbursements" into nothingness?How long before some government employee tells me that I have to pay a higher percentage than those that earn less than me or they'll come after me with a gun?
How long before they drain my bank account because they think I haven't paid enough?
How long before I have to sit in jail because some government employee thought that my production would better serve someone I don't know?
How long before some government worker decides that the money I have somehow been able to keep away from them will serve someone else (not of my choosing) after I die?
67
posted on
03/08/2005 10:30:43 AM PST
by
numberonepal
(Don't Even Think About Treading On Me)
To: willgolfforfood
It's obvious you didn't read the article.
68
posted on
03/08/2005 10:31:40 AM PST
by
Ditto
( No trees were killed in sending this message, but billions of electrons were inconvenienced.)
To: Willie Green
"The NRST is an inherently regressive form of taxation that is truly despotic."
Hey, Willie, how is your proposal to replace corporate income taxes with import tariffs coming along? How many supporters do you have for it so far?
To: Kerretarded
count all income as income. tax everybody at the same rate. simple and really fair. more like Steve Forbe's flat tax.
70
posted on
03/08/2005 10:32:15 AM PST
by
camle
(keep your mind open and somebody will fill it with something for you))
To: Willie Green
I've also suggested lowering the tax rate instead of offering rebates. (Rebates are taxpayers money the government shouldn't have taken to begin with.)
I do like this alternative, but I agree that gub'mint does like to make some people eternally dependent. Unfortunately, you will always have those in society who have absolutely no drive whatsoever. What is the proper way to handle them?
71
posted on
03/08/2005 10:32:23 AM PST
by
Eagle of Liberty
("Science without religion is lame; religion without science is blind." —Albert Einstein)
To: phil_will1
And all income taxes discourage production.No they don't!
There is a paradox involving taxing income vs taxing consumption.
72
posted on
03/08/2005 10:33:48 AM PST
by
elbucko
(A Feral Republican)
To: expatpat
That's the same thread I liked to above in post 26 where Willie Green and I had an in depth discussion. It was a great thread and a must read for everyone concerned with taxation.
73
posted on
03/08/2005 10:33:56 AM PST
by
numberonepal
(Don't Even Think About Treading On Me)
To: Wolfie
If you're paying 23% sales tax for a widget, and you earn $30,000 per year, the sales tax is taking a bigger bite out of your income than if you earn $100,000 per year. That's regressive.Boo frickin' hoo.
74
posted on
03/08/2005 10:34:59 AM PST
by
numberonepal
(Don't Even Think About Treading On Me)
To: Valpal1
It ain't the tax code, it's the spending. The tax code and it's method of collection minimize the pain of paying taxes.
Eliminating withholding would help control spending IMO.
This nrst does that.
To: Willie Green
"Still launching personal attacks...."
"..all you NRST shills..."
Does anyone else beside me see the irony in this?
To: numberonepal
why not tax everybody at the same rate - AND count all income the same (cap gains, dividends, etc.)
77
posted on
03/08/2005 10:35:23 AM PST
by
camle
(keep your mind open and somebody will fill it with something for you))
To: Kerretarded
I cast my vote for the FairTax!
78
posted on
03/08/2005 10:35:25 AM PST
by
EternalVigilance
(Freedom. Brought to you by the grace of God and the Red, White and Blue...)
To: phil_will1
Hey, Willie, how is your proposal to replace corporate income taxes with import tariffs coming along?Snicker. You're just mean, man. Mean I say.
79
posted on
03/08/2005 10:37:39 AM PST
by
numberonepal
(Don't Even Think About Treading On Me)
To: camle
Income taxes, flat or otherwise, are fundamentally flawed from their inception...one of the key planks of the Communist Manifesto.
If you go out into the pasture, find a cowpie, and flatten it, IT IS STILL A COWPIE!
80
posted on
03/08/2005 10:38:04 AM PST
by
EternalVigilance
(Freedom. Brought to you by the grace of God and the Red, White and Blue...)
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