June 21, 2006
Fair Tax
Neil Boortz has a chance to give an overview of the Fair Tax proposal (HR25). I have been studying this proposal for almost a year now, and I have to say that I believe that this could be the most important legislation to come down the pike in a hundred years.
If you want to get a more in depth analysis, go HERE.
I sincerely believe that this proposal will do more towards giving the power back to the people and away from the political elites than any other single step.
Update: Grin & Bear It uses the Fair Tax in a cartoon:
Revenue sharing will be it's death knell, look at the VAT taxes, this will satisfy the Federal level while the States take the remainder of the wealth in local taxation. There is no such thing as a fair tax, the socialists will see to that. I live in a sales taxed state they can't get their greedy hands on enough, they want both a sales tax and an income tax plus user fees for services that normally fall under tax paid. They have legalized gambling too, the state lottery, another form of volunteer taxation. Oh I forgot we'll have all those 20 million Mexicans paying into the kitty.
Posted by: Jack at June 21, 2006 06:54 PMThe Fair Tax is a scam. Pure and simple.
A straight sales tax is the only way to make taxes "fair."
The FTA is just a paper shuffle. It's a boondoggle that a bunch of people like, simply because it's not the current system.
Socialism isn't the current system, either.
Posted by: the Humble Devildog at June 21, 2006 09:33 PMHDD, the Fair Tax IS a straight sales tax.
Jack, VAT taxes are pretty regressive and would hit the "poor" the hardest, exactly the opposite of the Fair Tax.
The fair tax is more than a change in the way we tax ourselves, it is a shift of control away from the politicos and back to the populace.
The polititians manipulate our labyrinthine tax code to wield power and gain influence; with the Fair Tax, they no longer have that option.