LIBERTY: If 10 percent is good enough for the Baptist Church

Wednesday, December 13, 2006

http://www.townhall.com/columnists/WalterEWilliams/
2006/12/13/the_fairtax_book

http://tinyurl.com/ylnrks

The FairTax Book
By Walter E. Williams
Wednesday, December 13, 2006

Dr. Williams serves on the faculty of George Mason University as John M. Olin Distinguished Professor of Economics and is the author of More Liberty Means Less Government: Our Founders Knew This Well.

***Begin Quote***

You say, “What’s Williams’ solution?” My solution is an amendment limiting federal spending to a fixed percentage, say, 10 percent of the gross domestic product. You say, “Why 10 percent?” If 10 percent is good enough for the Baptist Church, it certainly ought to be good enough for Congress.

***End Quote***

Well, I have to disagree with Professor Williams again.

Why should anyone accept being a ten percent slave?

At least, he was quick enough to detect that this abomination would give us BOTH a “Fair Tax” and eventually an income tax.

The government is force. And force is anathema to libertarians. There’s no rationale that would allow me to agree to make me and my fellow citizens slaves by any percentage.

If the government, which more rightly should be called gubamint or gooferment, has worthwhile services to offer than it should offer them in a free market.

The free market is the ultimate expression of the will of the people. All buyers and sellers freely exchange based on their own internal assessment of value. Unlike an election where there are winners and losers, the marketplace allows everyone to “win”.

Other significant objections to the Fair Tax that Professor Williams didn’t cite was:

* the prebate of zero bracket amount (i.e, the refund to poor people of taxes paid) makes everyone into a “welfare queen” and trains them to get a month check (or eft) from the government. In the marketplace, it is only by satisfying the needs of another that we “get a check”.

* the States and businesses become tax collectors for the Federal government. True the get paid to do it, but States are sovereign. And, business shouldn’t be placed in the position of robbing their customers.

* while it eliminates he social security / medicare tax, it doesn’t kill the programs or even restructure them.

* it does nothing to limit the size or growth of the Federal Government.

* we don’t have honest money so all economic calculations are using a flawed yardstick.

* It doesn’t do anything about State income taxes. (Although one could assume that repealing the 16th would make the state income taxes unconstitutional. Since the 10th is a dead letter after the 14th, the States would have to conform. Maybe?)

* The 20 -23 – 30 percent rate is dubious at best.

* It just renames the IRS.

* It hides the tax that we pay.

* It’s progressive. (That’s socialism!)

and on, and on, and on …


XPfails – luggable – Resume from hibernate runs like sludge

Wednesday, December 13, 2006

Today after resuming, the box is running like sludge. Perhaps a reboot will recover.


%d bloggers like this: