greg334
Veteran Expediter
Well Rlent, using a payroll deduction blows the entire premise of a real fair tax system out of the water. It eliminates all payroll (source derived) taxes which really is a good thing.
But with that simply said, here is two issues;
1 - Social Security's funding has been messed with since it's inception. From the mid 30's to date the changes and sources have 'evolved' to 'change with the times'. AND will change in the future when there is a reality of a cut in services.
2 - funding still comes from the people.
Let me put it in another way.
The reason the fair tax is good is because we spend more than we actually make. What this means is at this time, if the fair tax was enacted, we would see a surge in intake revenue, not a decline. even if we save 20% of what we make, we still have to spend money as consumers - no way around this.
Our present system of labor revenue derived funding, the industrial shifts to offshore manufacturing and a true job market condition with true unemployment, the only way we can maintain any funding levels is raise taxes and come up with more ways to tax. We see a solution with the EU where they are micromanaging their economy while artificially propping up the Euro and fighting to reduce tariffs to emerging markets. There is a prediction about the collapse of the EU in our lifetime unless the EU continues to expand and take over countries economies. Just the harmonizing of the laws and policies is getting a lot of kick back because countries are losing their identity.
But we don't want to go down that path where we have an income tax, we have a VAT tax and a GST tax, do we?
Of course not.
What we need is something that the EU can't really have much left - Growth!
We really need is growth, we need to have people use their money to invest and purchase. We need to have companies come here, set up shop and employ people. We need to have the country that can be an investment vehicle through the monetary system - the Dollar.
We will never get this with the present tax system, it is far too punitive and lacks incentives - even with the deductions and tax credits just look at the green movement and why there is not a solar panel on each home.
The Fair Tax has the chance to get the economy growing and get things rolling.
By the way, the Fair Tax was more research than the present system we have in 1910. If you don't know our present system has its roots in the Communist Manifesto and we followed other counties in a progressive tax system. FDR had in his cabinet people who knew Lenin and Stalin and helped give us the present sourced derived revenue. No one sat down with the economist to determine what system we were going to use, they just sat around discussing how to get the most money fast.
I don't think that the super rich had a lot to do with the income tax because of they were targets right from the start from the progressives.
Yes I know, what I meant is that there is a receipt that x amount of money was taken from me and many think that it is their money - hence the entitlement mentality. People think that the system is there for them, the poor hard working people but when you get involved with the system, see how it works and who it really works for, you can not think any good of it. So I use the same speak as others.
I know that many don't care about taxes. I know that many would rather not have any changes but here is a chance to help our country at the same time helping everyone. Read the book, go to the Fair Tax site
