Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: xtinct
A good start, but I want in the ultimate end this:

Our current income tax system is:

1) A huge impediment to economic growth domestically because it encourages American businesses to export jobs, factories and even corporate headquarters as a tax avoidance measure.
2) It discourages personal savings and capital investment, both very necessary for real economic growth.
3) Is in many ways actually rigged against upward economic mobility, since the rich can afford the best lobbyists to "tweak" the tax code in Washington, DC to their benefit and/or hire the best tax lawyers and accountants to hide their net worth by putting a large fraction of their net worth in offshore financial centers beyond US borders that are effectively untouchable by the IRS.

Small wonder why if FairTax passes some scholars have called it the biggest shift in power away from Washington, DC since the American Revolution.

8 posted on 03/17/2011 4:14:59 AM PDT by RayChuang88 (FairTax: America's economic cure)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: RayChuang88

nonsense, according to the law itself, the NuIRS determines what is or is not a family, DC decides what is or is not a “necessity” keeping lobbyists in the gravy petitioning for their clients products to be a necessity, AND you have a monthly ENTITLEMENT CHECK called a prebate which politicians determine how big (it will take democrats 1 second to demand a “living prebate”)

a tax cap is a good start and far better than the fairscam.


65 posted on 03/17/2011 12:52:28 PM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
[ Post Reply | Private Reply | To 8 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson