FROM MY FAVORITE LUDDITE’S COMMENT ABOUT THE FAIR TAX
By LEO LINBECK
December 26, 2007; Page A10
*** begin quote ***
Much has been written lately about the FairTax, the proposal to replace the current federal income tax with a national retail sales tax. Unfortunately, much of it is wrong.
This country needs a spirited and wide-ranging debate about fundamental tax reform. But that debate is not advanced by misimpressions and distortions of the FairTax.
*** end quote ***
Let’s take on a few points.
>What emerged from this research is that a national retail sales tax
> is a preferred method of taxation
> among most Americans surveyed.
Sorry, but no one asked me! This ASSUMES that there is a moral basis for FORCING people to pay a “tax”. It’s theft. Pure and simple.
>Another is that the tax would have significant benefits for the nation’s economy.
It’s just a different way of robbing people.
>Why? Because it eliminates income taxes and payroll taxes (for Social Security and Medicare)
Does it “eliminate” them?
Assume for a minute that we overlook the moral argument about theft!
Unless the repeal of the Sixteenth precedes the implantation of the “Fair Tax”, you can rest assured that we will have every manner of taxation available.
>the FairTax would eliminate the distorting effect that
>income and payroll taxes have on the economy.
It would create it’s own set of unintended consequences.
For example, I have already been “taxed” and “inflated” on my “savings and investments”. Now, I get taxed again when I spend this money. What happens when I die? I get taxed again. :-)
>Research on the price of consumer goods reveals that up to 20% of all
>prices today represent hidden income
>taxes and payroll taxes. Once these taxes are repealed and replaced
> with the FairTax, it is likely that market
>pressure would force retail prices to fall.
All this does is rearrange the deck chairs on the Titanic.
>Eliminating embedded taxes will also do something else —
> it will remove significant price disadvantages
In your dreams.
>Another benefit of the FairTax is that, unlike other sales taxes, it would not hit the poorest Americans the
>hardest. The FairTax proposal calls for sending every American a “prebate” check to offset the cost of the
So like Social Security, we will now put EVERY American on the dole.
>The FairTax rate is 23% on retail sales when calculated “inclusively,” as are income tax rates.
The tax is buried in the price of the goods being sold. Let’s at least have the stones to have it printed on the grocery receipt.
>It will, in a fairer, more transparent and less-expensive way, raise the same amount of money the federal >government now collects through the income and payroll taxes.
But, the biggest tax is inflation and it doesn’t do anything about that.
>Significantly, the FairTax eliminates all loopholes, gimmicks, exemptions and deductions from the federal tax
Yeah, right, how long will that last?
>Politically, the FairTax will only become law once enough citizens demand that it be enacted
Since when does it matter what the citizens demand. The gang in Washington is in power, regardless of which of the duopoly is the titular head, based on the voting minority. It’s a waste of time to “demand” anything.
>It is debatable whether a modern, citizen-led tax revolution is possible.
Carla Howell is leading a Income tax repeal referendum in Taxzachussetts.
>But the growing popularity (even among presidential candidates) of the FairTax suggests that
They see that they can keep the scam going and get more people to buy into the delusion that it does anything at all to CUT SPENDING!
>another Boston Tea Party may be at hand.
One can only hope.
The American Experiment ended with the War of Northern Aggression in the 1860’s. That started as a tax fight. And, the USA has been in a downward spiral ever since. Like plane heading to the ground nose first, it may well be too late to pull out. (I hope not.)
The problem I have with the whole Fair Tax movement is that it distracts us from the real problems:
0. Honest money (i.e., the banking cartel’s “federal reserve” is inflating us into poverty);
1. The dole (The non-productive people are voting themselves benefits paid for by the productive people!);
2. The gooferment public education system is brainwashing all the future voters into the gooferments paradigms (when the nazis and the communists did it we were horrified; when our own gooferment does it, that’s fine.)
3. The gooferment is imprisoning us (i.e., the “war” on drugs – poverty – smoking) and killing those who resist (Ruby Ridge – Waco);
4. We can’t afford to be the “world’s policeman” (i.e.,Repatriate the troops home);
5. We can’t afford ANY and ALL gooferments with their unintended consequences.
It’ll be the biggest crash in the history of mankind.
# # # # #