Posted on 04/19/2011 7:23:19 AM PDT by James H. Shott
“The fundamental principles of economics are not hard to understand,” writes Hoover Institute fellow and economist Dr. Thomas Sowell, “but they are easy to forget, especially amid the heady rhetoric of politics and the media.” Perhaps that helps to explain why so many Americans seem to think a $14 trillion national debt and annual deficits of $1.5 trillion aren’t really a problem.
Misunderstanding or misapplying sensible economic principles is easily observed in the US government, the governments of several of the United States, as well as the socialist governments of several European countries (that our leaders for some odd reason seem to think we should emulate). There is ample evidence illustrating that the path we are on leads over a very steep cliff, but many of our elected public servants seem undisturbed by this.
Current “progressive” reasoning holds that everyone should be financially equal. There should not be rich, poor and middle class; everyone should be middle class. Despite the fact that achieving this fairy tale is not possible, many in government attempt to equalize financial circumstances, but they do so by treating people unequally, which seems to be a logical inconsistency of that flawed philosophy. Logical inconsistency and hypocritical processes are apparently okay when you are trying to impose equality on people who are legitimately and inherently unequal.
The GOP is going to cave and add a VAT. After much moaning groaning hemming hawing etc. They will claim they are “forced” to do it because of the Rats.
--Floyd Ferris (Ayn Rand, "Atlas Shrugged")
Exactly the perfect quote.......The IRS code makes criminals of everyone since nobody can figure it out. When they haul you in front of the court, that is when they determine the charges. It keeps the public docile.
The VAT is a perfect tax.
It punishes productivity (the adding of value) at every single level.
Coming soon. With RINO aid.
Yeah. There are still a few productive people not being punished enough.
(and of course we’ll “temporarily” keep the entirety of the current system while we work out the bugs in the VAT system. Temporarily)...
According to Will Rogers, it use to be a lot easier to do your taxes. In his time you put all your money in a wallet and throw the wallet into the river. Any money that didn’t get wet you got to keep. The rest went to the government.
The federal income tax code is beyond repair. It needs to be replaced. The solution has been before each session of Congress since 1999. It’s called The Fair Tax Act(HR25/S13). The Fair Tax will replace all federal income taxes with a national sales tax and abolish the IRS.
It costs taxpayers $0.30 in compliance costs (read: tax preparation) to provide the government with $1.00 in tax revenue.
I propose a deal: A single tax rate with a large per person exemption that averages out to $1.10 in revenue to the government, and $0.05 of compliance costs.
The government gets more, we spend less.
This is politically impossible, I understand, but only because it is so damnably logical.
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