I'm pro-WAR
Pro-Wayne Allyn Root, that is. He's the leading candidate for the Libertarian Party presidential nomination right now.
During this campaign for our party's nomination, several of my esteemed opponents have spoken in favor of imposing a 30% national sales tax on all goods and services- combined with a check paid to everyone in the country (in the form of an automatic annual tax rebate - whether you've earned income or paid taxes, or not). Our campaign has received hundreds of requests to comment on the “Fair Tax,” many of them proponents. But after studying the proposal, we conclude that the “Fair Tax” is a bad idea.
The so-called “Fair Tax” is not an advance for freedom; it is a prescription for tyranny and will relegate our descendants to being little more than welfare-dependent wards of the government.
Advocating a “Fair Tax” is bad for our party and bad for America, and we believe that having our party's nominee advocate this would tarnish the Libertarian Party's brand.
Our campaign offers a competing vision.
Imagine instead a country where businesses and individuals would no longer need to account to the government for their income. Imagine a country where we can be free from the Internal Revenue Service. Imagine in one instant eliminating individual federal income taxes, corporate federal income taxes, payroll taxes, death taxes, the marriage penalty, excise taxes, and even the dreaded AMT (Alternative Minimum Tax) - all of it at once, gone forever.
Oh, and to Neal Boortz: sorry but I agree with Wayne on the Fair Tax. It's a great idea until you bring in the whole part about rebate checks.
Wayne Allyn Root: Libertarian Presidential Candidate Website
A Realistic Plan to End Federal Income Taxes Forever
During this campaign for our party's nomination, several of my esteemed opponents have spoken in favor of imposing a 30% national sales tax on all goods and services- combined with a check paid to everyone in the country (in the form of an automatic annual tax rebate - whether you've earned income or paid taxes, or not). Our campaign has received hundreds of requests to comment on the “Fair Tax,” many of them proponents. But after studying the proposal, we conclude that the “Fair Tax” is a bad idea.
The so-called “Fair Tax” is not an advance for freedom; it is a prescription for tyranny and will relegate our descendants to being little more than welfare-dependent wards of the government.
Advocating a “Fair Tax” is bad for our party and bad for America, and we believe that having our party's nominee advocate this would tarnish the Libertarian Party's brand.
Our campaign offers a competing vision.
Imagine instead a country where businesses and individuals would no longer need to account to the government for their income. Imagine a country where we can be free from the Internal Revenue Service. Imagine in one instant eliminating individual federal income taxes, corporate federal income taxes, payroll taxes, death taxes, the marriage penalty, excise taxes, and even the dreaded AMT (Alternative Minimum Tax) - all of it at once, gone forever.
Oh, and to Neal Boortz: sorry but I agree with Wayne on the Fair Tax. It's a great idea until you bring in the whole part about rebate checks.
Wayne Allyn Root: Libertarian Presidential Candidate Website
A Realistic Plan to End Federal Income Taxes Forever
posted by Jason @ 12:26 PM
2 Comments:
At 2:54 PM ,
zod said...
This post has been removed by the author.
At 2:55 PM ,
zod said...
OMG, where do I begin? The government can only tax us in one of two ways- our earnings or our spending. Taxing earnings is a direct violation of our property rights. It totally conflicts with the principles our Constitution was found on. Taxing trade is much fairer because it doesn’t violate our property rights.
The problem with broad trade taxes (like the APT tax) is that they cascade through all production pipelines. They compound upon themselves and add a lot of hidden costs to the prices of all goods and services. Consumers ultimately pay for all taxes on business and production but, it would be far more honest and transparent to apply the tax all at once at the point of sale- a sales taxes.
Sales taxes are flat taxes and flat taxes are inherently regressive because they burden the poor more than anyone else. To make a flat tax progressive it is necessary to refund the tax for everyone upto the poverty level. The easiest way to do this is by issuing a prebate.
When we combine a sales tax with a prebate, we get the Fair Tax. That’s why they call it the ‘fair’ tax. It is by far the fairest one of all.
The fair tax isn’t just a sales tax. It’s a “pre-sales” tax that replaces all the hidden costs of income taxes in consumer prices with an “all-at-once” tax. The fair tax will be included in current net prices, not added on at the register like state sales taxes. Prices need not change. The tax is still embedded but everyone can clearly see exactly how much they are paying. State sales taxes will be applied as usual so state revenues won’t change.
The FairTax only applies to new retail goods, not used items or stuff you've grown or made at home.
The level of evasion would be low because it would be all risk, no reward for legitimate state-licensed retailers. But retailers would get 1/4 of 1% of the sales taxes they collect and remit as an administrative reward. The same goes for the state governments.
Since the amount of tax a person pays under the FairTax depends on how much they spend, and the amount of the prebate depends on how much they earn and how many dependents they have, there is no way to determine how much anyone is going to save or loose. That includes all the crooked bastards in Congress which is why they keep sitting on it. Studies and reports that make claims about savings and losses are based on totally arbitrary assumptions and outright lies, not facts.
However, it doesn't take a Ph.D to see that the fair tax doesn’t just shift the federal tax burden from incomes to sales, it shifts the priorities of Congress. With an income tax system, it’s easier to tax wages than it is to haggle with millions of small business owners, especially when they don’t approve. That’s why Congress has supported monopolistic policies and anticompetitive practices that are aimed at keeping most people employed rather than selfemployed. Under the fair tax, these same policies and practices will hurt Congressional revenue as much as they hurt our personal revenues. Congress will want to repeal these policies in order to allow the retail tax base to expand which means more opportunities for people to employ themselves.
Not only that, the elimination of the income tax system would bring trillions of investment dollars and thousands of manufacturing jobs back to America. Trillions more will follow as foreign companies move their jobs here. Talk about job creation! A huge increases in the jobs market coupled with a decrease in labor means people could see increases in wages. We could also see more foreign workers moving here which would increase domestic sales. Over time, Americas large trade deficite will be replaced with a large trade surplus.
Many other good things would happen, I’ve bearely scratched the surface. Honestly, anyone who doesn’t support the fair tax either hasn’t thought it through or has a vested interest in the inequalities of the current system.
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