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To: Billy_bob_bob

tell me how this magical NRST is going to make things better in the real world?

It will give you first control of your pay check before government gets any cut. From there it is up to you how you spend or invest your income.

Live frugally purchase used or do for yourself and invest, you receive maximum benefit to the accumulation of the basis for wealth accumulation by the private individual.

Spend it all, government gets a take of 23% of what you spend.

You stand in control of how much tax is extracted from you by your own choices.

How is this going to make my life better?

You have greater liberty and control over you life. You are burdened less by government by the reduction of the costs of compliance (65 cents for every dollar collected under the current system) on business, meaning greater profitibility of investments and potential for lower prices through competition.

If you can't find a better economic life with those working for you, stay with the current system.

399 posted on 02/09/2003 1:15:39 PM PST by ancient_geezer
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To: ancient_geezer
Gotta admit that all sounds very good. Still very skeptical about any chance of success in implementing it, but from what I have seen so far I like it. It sure seems like it would be an improvement, because the income tax strikes me as just being plain old wrong.
400 posted on 02/09/2003 1:18:01 PM PST by Billy_bob_bob ("He who will not reason is a bigot;He who cannot is a fool;He who dares not is a slave." W. Drummond)
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To: ancient_geezer; Billy_bob_bob
One side of your mouth you say it will help the economy because everyone will have more money to spend, then, out of the other side of your mouth you say

""Live frugally purchase used or do for yourself..." .

It will give you first control of your pay check before government gets any cut. From there it is up to you how you spend or invest your income

You can choose to not pay rent,
you can choose to not have a mortgage,
not buy groceries,
not get a car repair,
not have a car payment (yes, interest payments are subject to a tax),
not buy gasoline,
not get a hair cut,
not have sewer service,
not have water service,
not have garbage service,
not have a telephone,
not have electricity,
not have cable/satellite
not have heating oil/natural gas,
not to dine out,
Not ever have any "service"...
Oh, and when you invest, don't forget the tax on the implicit AND explicit financial intermediation fees.

In other words, you can choose to live the life of a hermit to avoid their exorbitant tax...After all isn't that what we all work and live for?

442 posted on 02/09/2003 5:22:52 PM PST by lewislynn
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