CNN Poll: Majority want tax increase for wealthy and deep spending cuts
- Thread starter Free Thinker
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This is what happens when your party has complete control of the legislation and the budget process for 150 years:
From NBC Chicago:
Why Illinois Can't Afford its Poor Dead
The State of Illinois has reached a new level of broke. Come Monday, it won't have enough cash to bury its indigent dead.
Illinois officials sent a letter to more than 600 funeral directors around the state to let them know there's no money for funerals for individuals on public assistance.
Source: http://www.nbcchicago.com/blogs/war...ford-its-Dead-127534403.html?dr#ixzz1UlpQEQ6E
Really, I posted some specifics that you failed to present a counter argument for other than "read the book". Now really is that a way to defend something I presume you know something about.
Tell us why it makes sense for the Feds to tax their own purchases as called for in HR25. EG-Let's buy a $1 Billion B2 really cool stealth bomber and pay ourselves $300 Million in taxes ??????? What good is that? Actually by including Federal Govt purchases in the "Basis" for calculating the required tax rate; the rate comes in artificially lower than it would if those purchases were excluded as they should be.
You can read a paper about that here (as in "read the book"):
http://www.bakerinstitute.org/publications/ImpactofHR25-TEPP.pdf
So, as they used to say, " where's the beef"??; all you've given is a vast generalization, "read the book." All of ET wonders-oops, read the book, I forgot.
BTW-this paper was done at the Rice Univ., Houston, one of America's premier institutions at its James Baker Institute (as in Secy of State Baker) .
Seneca
LOL---Sounds like you want me to read the book to you. Look, SR, I'm not Neil Boortz and I'm not John Linder. If you want to find out what the FairTax is about, then read the book.
How can you make fair assessments on something that you refuse to read??? Oh my goodness, I don't know why I'm even responding to this nonsense.
But, just for grins and giggles, try to answer these two questions: (They're very simple.)
1. Do you believe the FairTax and the European VAT tax are different?
2. Do you believe that the current price of goods are inflated, right now, because of embedded tax?
I'm amazed that all you can do is tell me to read the book. The book is not the bill before congress, it is HR25 and the corresponding Senate bill.
So, tell me what page in "the book" counters what I've posted about buying a house or paying a large medical bill or why the proponents included Federal purchases in the base to make the NST rate artificially lower or why when its failed 20/21 times in other countries it will be different this time.
Just give me the page number and I'll happily read that section.
Answers to #1-NST is diferent than VAT but you missed my point that where a NST has been tried before, it became a VAT 20/21 times.
#2. Yes, I do. For example gasoline is now about $3.60 / gal. That price includes about $0.60 of state and Federal taxes. Under NST, another $1.80 will be added giving us $5.40, hello Euro style shoebox cars.
Seneca
Again SR, I'm not Neal Boortz or John Linder. (They wrote the book.) Yet, you keep ranting toward me as if I have all the answers. I may not be totally in favor of everything in the FairTax. However, having said that, the FairTax is a HUGE step in the right direction.
The FairTax wasn't written by BSAM, but in general, I support it. Does a tax plan have to be a perfect 10 to meet your level of acceptance? Good luck with that.
Yes, you do need to buy the book. And I will repeat this to you as often as necessary. You seem to be curious and want me to be able to satisfy all your questions about a tax plan that is probably not perfect in its current form.
Here are two ways you can do your own research on the FairTax plan. Not some similar (maybe) plan that was implemented in 21 other countries; but the FairTax plan.
1. Buy the book.
2. Go www.fairtax.org Then, near the top/left, click on "About the Fair Tax". Then, in the left hand column, click on FAQ.
This may surprise and enlighten you (and others) a lot.
Now...Do you believe there is a huge underground economy in the U.S., consisting of people who pay no tax?
(Before you get too excited again, remember, I didn't write the plan and it is not perfect, IMO. But, it would be a great start.)
the only moral tax is an income tax. other tax schemes like property tax and consumption taxes are immoral because they force people with no ability to pay tax into a situation where the government confiscates your means of survival.
lets take the property taxes. you can own property free and clear that you need for survival and just because you have no ability to earn income it can be confiscated from you at the point of a gun putting you in the street.
consumption taxes have similar problems.
income taxes on the other hand are moral taxes. the government can only share in your success if you have success. if you have no income the government cant confiscate property or take part of your means of survival.
lets take the property taxes. you can own property free and clear that you need for survival and just because you have no ability to earn income it can be confiscated from you at the point of a gun putting you in the street.
consumption taxes have similar problems.
income taxes on the other hand are moral taxes. the government can only share in your success if you have success. if you have no income the government cant confiscate property or take part of your means of survival.
Which proves that the vast majority of people are swayed so easily by the media that they don't know which candidate matches their best interests most closely.
Good points. Taxes on property undrmine the right to private property. Taxes on investments create economic inefficiency.
You leave out import tariffs however, which at one time were an important source of revenue. They encourage locla production and hence employment. of ocurse, we foolishly gave all that away with free trade mania.