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Another interesting LP candidate   Message List  
Reply | Forward Message #50964 of 64577 |
The "Fair" Tax is an anti-libertarian welfare scam

Quoth Boyd W. Smith:

> There is an old saying that says that the perfect is the enemy of
the better. The fair tax while not perfect is clearly much better.

Only if by "clearly much better" you mean it:

- Results in the theft by government of just as much money as the
income tax (the "Fair" Taxers boast that their proposal is "revenue
neutral");

- Results in the same amount of, or perhaps more, redistribution of
wealth than the income tax (the "Fair" Taxers boast that their
proposal is at least as "progressive" as the income tax);

- Puts every American on the dole so that they're recipients of
monthly government welfare checks which the majority will likely fight
tooth and nail to keep coming in perpetuity (the "prebate"); and

- The "Fair" Taxers arguments about eliminating the IRS aside, _will_
require a bureaucracy to administer (both to collect and to send out
the welfare checks).

The "Fair Tax" is at _least_ as bad as the income tax in every way,
and worse in some ways. It's not a tax cut. It's not a tax
elimination. It's just a strengthening of the tax system by linking it
to a welfare program -- just like Social Security, which has been a
"third rail" issue in American politics for half a century precisely
because millions of Americans have a vested interest in keeping the
checks coming.

It may not be politically possible to get the income tax straight-out
eliminated right now, but it is politically possible to get it CUT,
which would be a far superior alternative to the "Fair" Tax.

The Boston Tea Party's program calls for universal, bottom-up tax cuts
as follows:

"The Boston Tea Party calls for legislation adopting an annual,
regularized increase in the personal exemption to the federal income
tax of $1,000 or more, and the additional application of said personal
exemption to all FICA/Social Security taxes paid by employees and
employers."

Members of Congress (mostly Democrats) routinely propose and vote for
increases to the personal exemption, so it's politically doable.

Increases to the personal exemption give EVERYONE who pays taxes a tax
cut, from the janitor at the local factory to Bill Gates.

Increases to the personal exemption remove people from the tax rolls
and withholding treadmill entirely (every time the exemption goes up,
more people's income falls below the taxable amount).

Applying the personal exemption to Social Security payments would
address the extreme regressivity of the Social Security system. The
poorest people pay proportionately the most in Social Security taxes
(since the requirement to pay is capped at a certain income level in,
I believe, the $60K range), and they receive the fewest benefits (due
to shorter lifespan).

Eliminating the income tax is the best option. Failing that, cutting
it is. Replacing it with a tax that doesn't cut taxes, doesn't remedy
redistribution problems, doesn't eliminate (or probably even reduce)
the associated bureaucratic and administrative costs, and puts every
American on government welfare is just a scam if the goal is to reduce
or eliminate taxation.

Tom Knapp






Mon Aug 28, 2006 4:06 pm

thomaslknapp
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Message #50964 of 64577 |
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From: "M.A. Johnson" <michaelj@...> ... There is an old saying that says that the perfect is the enemy of the better. The fair tax while not perfect...
boyd.w.smith@...
Send Email
Aug 28, 2006
3:51 pm

... the better. The fair tax while not perfect is clearly much better. Only if by "clearly much better" you mean it: - Results in the theft by government of...
Thomas L. Knapp
thomaslknapp
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Aug 28, 2006
4:11 pm

Another problem that I see with the "fair" tax is this: According to even the "Fair Tax" people, since businesses pass their tax burden on to consumers in the...
kiddleddee
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Aug 28, 2006
5:57 pm

To the extent that the maket is actually free (sans coerced subsidies and coerced trade protections/barriors) price competition will deliver justice to...
Terry L Parker
TxLiberty
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Aug 28, 2006
7:04 pm

... This would eventually iron itself out through competition. Businesses never lower their prices more than they think they have to in order to make sales...
Thomas L. Knapp
thomaslknapp
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Aug 28, 2006
7:27 pm

Tom, I agree that it will "eventually" work itself out through competition; I was just trying to point out that until it does, consumers will actually be...
kiddleddee
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Aug 29, 2006
2:52 am

Comeptitive businesses will be under pressure to reduce prices, if the tax is applied to government sncation monoplies like utilities in some areas the...
terry12622000
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Sep 2, 2006
10:54 pm

the cap on social security tax is around 90,000 now, the medicare tax has no cap but it is over 4 times lower than the SS tax. I think it would be better to...
terry12622000
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Sep 2, 2006
10:37 pm

Tom, First, you fail to observe that FairTax begins us on the path to TAX ELIMINATION. The FairTax ELIMINATES the following taxes: INCOME TAX WITHHOLDING TAXES...
investorshelper
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Sep 6, 2006
6:41 am

Ian First, you fail to observe that FairTax begins us on the path to TAX ELIMINATION. MJ This should be interesting .... do elaborate. Regard$, --MJ When a new...
M.A. Johnson
michaeljamerica
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Sep 6, 2006
1:42 pm

Ian, ... I can't "fail to observe" what isn't there to observe. Consolidation of taxes into one form isn't tax elimination, it's tax consolidation. ... Three...
Thomas L. Knapp
thomaslknapp
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Sep 6, 2006
2:01 pm

Point taken with respect to "revenue neutrality." But there is elimination of tax-related expense by simplifying the code, which actually becomes a tax...
investorshelper
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Sep 6, 2006
7:11 pm

Ian, ... The "Fair" Tax claim for reducing these costs rings pretty hollow. Sure, the IRS may be eliminated _in name_ -- but there will be multiple new...
Thomas L. Knapp
thomaslknapp
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Sep 6, 2006
10:23 pm

... _____________________________________________________________________ To paraphrase Emma Goldman and V (for Vendetta) - neither of whom is a liberal (both...
kiddleddee
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Sep 8, 2006
6:14 pm

Any tax proposal which uses the word "fair" is dishonest on the face of it. I would have been willing to consider it if it had been called the Less Evil Tax....
David Macko
dmacko2004
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Aug 25, 2006
10:09 pm

... The Fair Tax isn't much better than the income tax, and won't do much to shrink government, but it has these advantages that most people don't consider: ...
Jim Strohm
jimintexus
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Aug 26, 2006
12:53 am

Strohm The Fair Tax isn't much better than the income tax, and won't do much to shrink government, but it has these advantages that most people don't consider:...
M.A. Johnson
michaeljamerica
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Aug 26, 2006
3:24 pm

MJ, It is CLEAR from your comments that you LACK UNDERSTANDING of the FairTax. Go get the book, and read it. The FairTax is THE MOST IMPORTANT ITEM that we...
investorshelper
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Sep 6, 2006
7:26 am

David, don't they have Fusion tickets in Vermont? [Non-text portions of this message have been removed]...
cottondrop@...
terry12622000
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Aug 26, 2006
2:30 pm

Yes, they do indeed. And as a result, you heard it here first, I AM PREDICTING THAT THE LIBERTARIAN PARTY WILL ELECT A STATE LEGISLATOR IN VERMONT IN 2006. His...
Eric Dondero Rittberg
ericdondero
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Aug 29, 2006
3:15 am

Damn Tom, these people are coming out of the woodwork aren't they but remember that dude that was trying to get the LP prez nomination in 2000, it was a Black...
cottondrop@...
terry12622000
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Aug 26, 2006
2:36 pm

... 2000, it was a ... I think you're thinking of Edison P. McDaniels. The only thing I remember about his positions is that he was a "peace activist" type ...
Thomas L. Knapp
thomaslknapp
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Aug 26, 2006
5:51 pm

You could be right but I do think the reform the LP movement is setting out a welcome matt to the statist nutcases even if that is not their intention, they...
terry12622000
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Aug 26, 2006
6:31 pm

It is surprising a Republican Ron Paul has stated for sometime now that the federal government can get buy just fine without the personal income tax and ...
cottondrop@...
terry12622000
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Aug 26, 2006
4:23 pm

It appears Yahoo is having problems again so I might be wasting my time. Tom, I would perfer the Fair Tax Plan over what we have now if it went off like the...
cottondrop@...
terry12622000
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Aug 26, 2006
5:15 pm

Murray would madate that Health Insurance companies treat all age groups as a single pool, that has proven to be a disaster, he would repeal all medical...
terry12622000
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Aug 26, 2006
6:50 pm

Ian It is CLEAR from your comments that you LACK UNDERSTANDING of the FairTax. Go get the book, and read it. The FairTax is THE MOST IMPORTANT ITEM that we...
M.A. Johnson
michaeljamerica
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Sep 6, 2006
1:46 pm

While I support your ultimate aims, there is no enabling legislation (that I am aware of) - capable of garnering sufficient support - to simultaneously...
investorshelper
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Sep 6, 2006
6:32 pm
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