Taxation WITH representation...
Maybe we should have a party in Boston Harbor Part Duex?
Yes, absolutely. Both personal and corporate income
taxes go away under the FAIR TAX. Once every wage earner realized how big
a bite the US government takes away every payday, the politicians could
never go back to the 68,000 page tax code.
Maybe we should have a party in Boston Harbor Part Duex?
Yes, absolutely. Both personal and corporate income
taxes go away under the FAIR TAX. Once every wage earner realized how big
a bite the US government takes away every payday, the politicians could
never go back to the 68,000 page tax code.
Right now, the FAIR TAX people estimate that there is
$13 trillion dollars sitting in overseas accounts
controlled by major US corporations and individuals. If we gave those
companies and individuals 6 months to repatriate that money into US banks
without tax consequences, that would be a $13 trillion injection directly into
the banking system with no tax/interest burden on the US taxpayer.
Isn't that where they are trying to get the money to, the banks?
$13 trillion dollars sitting in overseas accounts
controlled by major US corporations and individuals. If we gave those
companies and individuals 6 months to repatriate that money into US banks
without tax consequences, that would be a $13 trillion injection directly into
the banking system with no tax/interest burden on the US taxpayer.
Isn't that where they are trying to get the money to, the banks?
Think about that statement. The government isn't getting
any taxes on that money now since it's overseas. Instead, they are jacking
around with a $785 billion injection in this so-called "Stimulus Package," which
Rush Limbaugh rightly calls the "Porkulus Package," when they know right where
to go for $13 trillion. How corrupt is
that?
any taxes on that money now since it's overseas. Instead, they are jacking
around with a $785 billion injection in this so-called "Stimulus Package," which
Rush Limbaugh rightly calls the "Porkulus Package," when they know right where
to go for $13 trillion. How corrupt is
that?
Add to that immediate injection of $13 trillion, all the
deposits that would begin to flow into the US from overseas. Why?
The US would in effect become a tax haven for the world. A guy in Calcutta
who has always lusted after long-legged Texas babes wants to move his operation
to Austin because he can without penalty. He brings his cash, his
key people, his cousin and they all need, and can afford, houses,
cars, haircuts, swimming pools and the like. When US citizens see all
the money that they really earn turning-up in the paychecks, they begin buying
houses, cars, haircuts and swimming pools too. THIS IS
CALLED A "BOTTOM-UP" ECONOMIC RECOVERY. Obama thinks that he can
orchestrate a "Top Down" recovery which they tried in the 1930's and failed to
do. WW II got us out of depression, not the CCC.
deposits that would begin to flow into the US from overseas. Why?
The US would in effect become a tax haven for the world. A guy in Calcutta
who has always lusted after long-legged Texas babes wants to move his operation
to Austin because he can without penalty. He brings his cash, his
key people, his cousin and they all need, and can afford, houses,
cars, haircuts, swimming pools and the like. When US citizens see all
the money that they really earn turning-up in the paychecks, they begin buying
houses, cars, haircuts and swimming pools too. THIS IS
CALLED A "BOTTOM-UP" ECONOMIC RECOVERY. Obama thinks that he can
orchestrate a "Top Down" recovery which they tried in the 1930's and failed to
do. WW II got us out of depression, not the CCC.
Why don't the politicians with any brain power push for
this? Because, if they adopt the FAIR TAX, they lose the power to include
tax cuts for constituents like the manufacturer of toy wooden arrows on the
Pacific coast, the owner of a NASCAR racetrack and a Puerto Rican rum distiller,
that's why! These preferential tax cuts were all included in the first
"TARP" package of $850 billion.
this? Because, if they adopt the FAIR TAX, they lose the power to include
tax cuts for constituents like the manufacturer of toy wooden arrows on the
Pacific coast, the owner of a NASCAR racetrack and a Puerto Rican rum distiller,
that's why! These preferential tax cuts were all included in the first
"TARP" package of $850 billion.
If enough people were educated enough to be able to sit down
and analyze what the federal government is doing, they'd shut this
government down immediately and vote in someone like Mike Huckabee who included
the FAIR TAX in his presidential campaign platform.
From John K.
and analyze what the federal government is doing, they'd shut this
government down immediately and vote in someone like Mike Huckabee who included
the FAIR TAX in his presidential campaign platform.
From John K.
2 comments:
I don't understand. Aren't you for smaller central government? The problem with "fair tax" is that all it does is shift the tax from income to a national sales tax. IIRC the income tax doesn't go to pay for schools and other government programs, but to pay the intrest on the loans that congress receives from the federal reserve. Things like education is actually paid for by property tax.
Why replace one tax with another? Why not just get rid of income tax and NOT replace it with another tax?
http://mises.org/story/1814
http://mises.org/story/1975
http://en.wikipedia.org/wiki/Fair_tax
Yep Mass gets zero dollars from the federal government for education.
Actually statistics show that Mass get roughly $500 per student in federal dollars..
http://www.newamerica.net/education_budget_project/states/massachusetts/
So much for your property taxes. However they do pay a good chunk of it I will agree.
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