Replace our economy crippling federal taxes

Juneau Empire . Com ^ | 4/8/06 | DONALD N. ANDERSON and WILEY BROOKS

[Eaglewatcher]

They have figured it out in Alaska! Time to get the chill off and get cooking.

[xcamel]

On the other hand:

http://www.lewrockwell.com/cox/cox8.html

[manic4organic]

Fair Tax better-than-what-we-have-now bump.

[robertpaulsen]

"FairTax legislation would shift taxation from production to consumption!"

Given that I spend everything I make -- and that ain't gonna change -- all we're doing is rearranging the deck chairs on the Titanic. Taking 50% of my income or 50% of what I spend amounts to the same thing.

Call me with a proposal that drops the number to 10%.

[xcamel]

You're going to see a ton of these "agendatorials" posted as news between now and the 15th. 17% flat tax is the right answer, 10-5-2 (local, state, federal). It's truly fair, and non-regressive. All other domestic taxation goes. Any "play money" the government needs would have to come from taxes on foreign goods and services. I believe you would see the deficit gone in about 3 years, and general/retirement savings go up by a factor of ten. Unemployment would drop to around 2.7-3%.

[TexasTransplant]

>>>"Unemployment would drop to around 2.7-3%"<<<

It is not possible for unemployment to drop to 3% and still have Welfare, unless of course we don't count those that are on Welfare and if that's the case we could say we are there now.

TT

[balrog666]

Let's see: a 29.87% federal sales tax + 8% state sales tax + 2.25% local sales tax = The end of the consumer economy + the death of the (non-illegal immigrant) service economy.

[det dweller too]

"Taking 50% of my income or 50% of what I spend amounts to the same thing"

You miss the big picture. you are sitting here where income taxes are imbedded in the cost of everything made HERE but nothing made elsewhere. You get frustrated that the finished imported products sold in Walmart cost less that what it would cost to buy the raw materials here. There are two partys in the global market that supplies Walmart, domestic that pays all the taxes and imports that don't. You will slowly die of starvation unless that imbalance can be changed.

[tpaine]

robertpaulsen wrote, confused as usual:

"-- Taking 50% of my income or 50% of what I spend amounts to the same thing --"

You miss the big picture. you are sitting here where income taxes are imbedded in the cost of everything made HERE but nothing made elsewhere.
You get frustrated that the finished imported products sold in Walmart cost less that what it would cost to buy the raw materials here.
There are two partys in the global market that supplies Walmart, -- domestic that pays all the taxes and imports that don't.
You will slowly die of starvation unless that imbalance can be changed.
8 dd2

Well put, det dweller...
None of the above 'pro income tax' people can explain ~why~ they want our present insane system to continue.
Could it be that they all have some sort of vested interest in business as usual, and don't care if this Republic is on the road to serfdom? --

Bet on it.

[tpaine]

If you want less of something, you should tax it. And what do we do in America?

We tax income. -- We tax investment. -- We tax savings. -- We tax productivity.

Wise words on an "old adage". --

Incredible that such a basic point has been so totally ignored for over two hundred years.

[lewislynn]

Could it be that they all have some sort of vested interest in business as usual, and don't care if this Republic is on the road to serfdom?

Or maybe some of us think it's just a bad idea.

[lewislynn]

If you want less of something, you should tax it. And what do we do in America?

Consume!

[tpaine]

Consume wisely! -- Save and invest what you can.

[tpaine]

Could it be that they all have some sort of vested interest in business as usual, and don't care if this Republic is on the road to serfdom?

Or maybe some of us think it's just a bad idea.

Or maybe some, like you, actually think very little.

[Your Nightmare]

We tax income. -- We tax investment. -- We tax savings. -- We tax productivity.

There would't be any income, investment, savings, or productivity if there wasn't consumption.

[Your Nightmare]

Consume wisely! -- Save and invest what you can.

If everyone did that we would have terrible returns on our investments.

[Always Right]

Consume wisely! -- Save and invest what you can.

So you think an economic depression is a good thing? If people reduce their consuption, the economy goes in the toilet.

[robertpaulsen]

"You miss the big picture. you are sitting here where income taxes are imbedded in the cost of everything made HERE but nothing made elsewhere."

And what would you do with the Fair Tax? Raise the cost of imports by 28%. Gee, thanks for making American products more competitive.

[tpaine]

If you want less of something, you should tax it. And what do we do in America?

We tax income. -- We tax investment. -- We tax savings. -- We tax productivity.

Your Nightmare inanely replies:

There would't be any income, investment, savings, or productivity if there wasn't consumption.

Consume wisely! -- Save and invest what you can.

Your Nightmare inanely again:
If everyone did that we would have terrible returns on our investments.

Always Right chimes in:

So you think an economic depression is a good thing? If people reduce their consuption, the economy goes in the toilet.

You two are so frantic to defend the status quo that you forget our present tax structure is insane.
Our Republic is in an economic toilet, and you fellas are in there too, with your eyes shut, blindly blowing bubbles in sewage you see as 'a good thing'.

Wake up and smell the stink of income tax socialism.

[Your Nightmare]

Our Republic is in an economic toilet,

Exaggerate much?