Posted on 11/02/2005 10:09:04 AM PST by Eaglewatcher
Maybe we all should fax this to the government and our representatives. How else can we tell them we don't want another round of changes and exclusions to the tax code as recommended by the tax panel?
Of course the resident naysayers will appear and attempt to trash ALL if these learned scholars.
Tax reform ping!
What an undistinguished list of academics. I know several of them. Paul Rubin at Emory is quite bright and is a good political economist, but not a taxation expert. In fact, many of these academics are NOT experts in the economic consequences of tax law changes.
What I read from this list is that the famous economists who work in taxation do not agree with this group on "fair taxation."
source...the movement for consumption-based taxation has been hijacked by a group of extremists whose principal interest is abolishing the Internal Revenue Service.21 They believe that if virtually all federal taxes are abolished and replaced with a retail sales tax like those in the states, then the states can simply collect the federal government's revenue for it, thereby allowing for abolition of the IRS...
21 The Church of Scientology originated this legislation as part of a campaign against the IRS because it refused for many years to allow gifts to the church to be deducted as legitimate charitable contributions, on the grounds that it was not a true church. The IRS eventually relented. See Davis (1997) and Starobin (1995) for discussions of the Church of Scientology's role in the sales tax campaign.
Davis, Bob. 1997. "CATS Out of the Bag." World, 12:9 (May 31/June 7).
Starobin, Paul. 1995. "No Returns." National Journal (March 18): 666-671.
Writing science fiction for about a penny a word is no way to make a living. If you really want to make a million, the quickest way is to start your own religion.
~ L. Ron Hubbard
The so called FairTax will allow the rich to grow even richer, creating a form of economic feudalism in America--even more so than our current condition.
Or are you simply reduced to resorting to irrelevant and off-topic ad hominem attacks against the NRST?
That's just what the "Fair Tax" was missing! The endorsement of liberal arts professors!
You called that one...
The rich always have and always will get richer. The reason? They continue to engage in the decision making and initiative that got them rich in the first place.
And the poor? They will continue to be poor because of their decision making.
You're apparently confused. Used items aren't "exempted", they're simply not subject to being taxed a second (or more) time -- "used" is, in and of itself, an imperfect shorthand for "previously taxed".
Its biggest flaw preventing passage is that it takes away great amounts of power from politicians and lobbyists who use the tax code to reward friends, punish enemies, and buy votes.
WRT 13, how about previously taxed income that was saved or invested intended to be spent later with no tax penalty. What is your solution? Should we get a pre-index payment on $trillions in accounts. Wouldn't that be "fair" like a prebate?
HUH? You surely have more to offer.
If anyone would like to be added to this ping list let me know.
John Linder in the House(HR25) & Saxby Chambliss Senate(S25) offer a comprehensive bill to kill all income and SS/Medicare payroll taxes outright and replace them with with a national retail sales tax administered by the states.
H.R.25,S.25
A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national retail sales tax to be administered primarily by the States.Refer for additional information:
It's not hard when you've watched these no nothings for as long as I have!
You obviously DON'T know them all. Wayne Angell? Undistinguished? LOL.
Your scenario doesn't exist. Taxed income that is withdrawn to be spent IS already having its purchasing power reduced by our tax system.... on EVERY purchase, whether the item has been previously taxed or not.
THere is no reduction in purchasing power.
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