Fair Tax
The Power to Tax is the Power to destroy.
– John Marshall
Government is the people’s business and every man, woman and child becomes a shareholder with the first penny of tax paid. – Ronald Reagan
The hardest thing in the world to understand is the income tax – Albert Einstein
Ok, now that you are thinking that taxes are bad, what solutions are there to funding our government, minimizing the ability to cheat, being fair (which isn’t the same as progressive), having non-citizens and illegals share in the tax load with a slight penalty and preventing elected officials from being able to change it with a simple vote. If you make more money, you shouldn’t be taxed at a higher rate. Success needs to have rewards, not penalties.
Some simple caveats:
- A consumption tax is required. If you won’t admit to being in my country illegally, why would I expect you to pay your taxes? I don’t, so we need to take your money at a point of sale.
- Consumption taxes hit economic classes differently. Wealthier people spend more money. Less affluent people spend less money. Wealthly visitors spend lots of money.
- Ok, now you’re saying that the cost of food and medicine shouldn’t be taxed. ‘’No loopholes.’’ The tax must be flat. If there are any ways around it, then everyone will find a way that they qualify.
- But I’m not completely indifferent towards economically challenged folks. Each household should be reimbursed some amount to cover the taxes for basic living for average costs around the country. There is no local adjustment for different costs of living. People choose where to live. They can choose to move to less expensive locals too.
- Ok, we’re with either the Flat Tax or the Fair Tax Wikipedia.
- Short description of the Fair Tax
Google Video on the FairTax 18 minutes to understanding.
More to come …
