I respect and admire Dr. Williams a great deal, however, I would like to know what his solution is? I agree that there needs to be spending reforms, but we need an alternative to our current tax structure that distributes the tax burden across the entire population.
Perhaps the current proposal for the NRST is imperfect, but it is a beginning to fix a tax system that is so irreparably broken NOTHING can be done to salvage it other than to completely scrap it and start over.
Ditto. On that point we can wholeheartedly agree.
His point was that if the federal government kept spending to constitutional limits, any tax system used to support it wouldn't be oppressive in the first place.
Under the Fair Tax Act (HR 25),
1. The operating costs of the IRS would be reduced more than 90%.
2. The cost of complying with income tax reporting requirements would be reduced by over 90% (amounting to several hundred billion dollars per year).
3. No one would have to report their income or their expenses, or keep records to prove to IRS auditors what your intentions are in conducting your personal affairs.
If that is not reducing significantly the cost and intrusive powers of government, I must not be able to recognize what that really means. Enaction of the Fair Tax Act, in and of itself, would do more to reduce the federal government's power and expense than any other action in my lifetime. Let's get with it!!
an old country song...."if 10% is good enough for Jesus, it oughta be good enough for uncle sam"
Do I hear an "AMEN"???