Welcome Guest
( Log In | Register )
The time is now 10:26 am
You last visited January 19, 2017, 9:52 am
All times shown are
Eastern Time (GMT-5:00)

The Fair Tax

Published:

Last Edited: January 4, 2008, 9:31 am

One of the comments in my New Year's Day blog entry was about how horrible and unfair the "Fair Tax" would be to the poor and middle class, and how it would only benefit the wealthy.

As I understand the "Fair Tax", I have to agree with the person who posted the comment.

The matter that needs to be clarified is that the "Fair Tax" is Mike Huckabee's scam .. er.. plan, not Ron Paul's, who was the topic of the blog entry. Please try to stay on topic, people.

Here are the two compared, in their own words. 2m:23s. Research. You have fewer and fewer excuses to rely on rumor and no excuses to make up your own. See? I don't have to make up bad things about Tax-Hike-Mike. He's quite odious on his own.

Note near the end of the video where the Huckster talks about how to "help condition peoples behavior" and then codifying into law the "new behavioral norm". Then again, some people f e e l safer being told what to do & what to think feel. They would be happy (for awhile) under (the thumb of) a President Goebbels .. er.. Huckabee. Oh, Big Brother, Where art thou?

Entry #49

Comments

1.
Rick GComment by Rick G - January 4, 2008, 2:18 pm
The only fair tax is a tax based on consumption and not production. To people that say this will hurt the poor I say hogwash!   Poor people consume less than rich people and will therefore pay less taxes.    They could exempt certain things such as food and medicine. As far as housing goes, the owner of the property paid the taxes...the renter doesn't have to pay additional taxes. So how would it hurt the poor? The "hurting the poor" argument is lame. I'm poor and it wouldn't hurt me one bit.

The pristine beauty of this approach is that it eliminates tax deductions, write-offs, money laundering and a whole lot of other ways that taxation is being avoided mostly by wealthy people and criminals.

We'd save billions of dollars and millions of wasted hours trying to comply with the most complicated tax system that could ever have been devised.

It's a no-brainer.
2.
time*treatComment by time*treat - January 4, 2008, 2:42 pm
Of course, it's the wealthy that have those loopholes written in. I like the "flat tax of zero" best.
I hope the WY & NH primaries go in favor of the candidate who understands that no one has ever been taxed INTO prosperity.
3.
justxploringComment by justxploring - January 4, 2008, 8:10 pm
I'm not sure if time*treat told me not to post on this any more, so I won't get into a long discussion, Rick. However, the middle class will pay the price, not the poor. The poor will get rebates, the rich will save a fortune on income tax & still have their loopholes like they always do. The average retailer will be the tax police too. Soooo much paperwork. I'll stop here, so I won't be rude, but here is an article you might want to read. Look at some of his calculations. I agree. http://www.commondreams.org/archive/2007/04/23/685/

You must be a Lottery Post member to post comments to a Blog.

Register for a FREE membership, or if you're already a member please Log In.