Posted on 10/20/2011 2:26:28 AM PDT by dennisw
*Article 1 - The Legislative Branch
Section 8 - Powers of Congress
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
Maybe, but they’d need 60% of the voting populace. Not 60% of the people that show up, but 60% of all persons eligible to vote.
The 999 most certainly has a personal income tax of 9% http://www.hermancain.com/999plan
I am going to the VAT wiki and see what the big deal is when freepers like you say it is so much different than a sales tax
A tax which is shared by EVERYONE is much more difficult to raise then taxes paid by only half of the citizens.
I have no problem with that! You obviously know the honorable history of tariffs in America and how with the institution of the income tax in 1913, income taxes started to gradually replace tariffs as primary funding for the Federale Gov’t in DC
Also the Federal Reserve was started in 1913. What a coincidence! That these two Progressive ideas became reality as tariffs were phased out
Oh, how about a potential of hundreds of percent vs 9%.
Wiki!?!?
Japan’s been in a 15-yr recession, and China’s economy is systemically rotten with malinvestment. I hardly think these are worthy examples to follow.
Correct but state and county sales taxes have gotten jacked up all the time in the last 40 years. A way is always found. You give the Federales a national sales tax to play around with, no telling what they might do
Japan is doing just fine. Are you silly enough to think it has declined into a Spain or Portugal? China has turned into an economic powerhouse over the last 30 years via exports. We owe them a few trillion, not the other way around.
The only recent event that dented Japan has been that earthquake and tsunami
I didn’t say Japan was a Spain or Portugal. Here: http://en.wikipedia.org/wiki/Lost_Decade_(Japan)
As for the “economic powerhouse” of China: http://www.telegraph.co.uk/finance/china-business/8821094/Chinas-debt-spree-returns-to-haunt.html
Also: http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/6575883/China-has-now-become-the-biggest-risk-to-the-world-economy.html
Free trade to the founding fathers meant the freedom of the individual to buy from and sell to any country. It did not mean slashing tariffs on imports while other countries maintain restrictions on imports. In fact, the federal government in the 19th century was funded primarily by tariffs.
For those who believe high tariffs are an impediment to economic growth, look at the US economy from 1865 to 1900. Consider the US economy in the 1980’s before the lowing of tariffs in the 1990’s.versus the US economy today. The dismantling of trade barriers under Clinton and Bush has not resulted in economic prosperity for the US. In fact it has resulted in the loss of the manufacturing sector and millions of middle class jobs. Bring back the tariffs and quotas of the 1980’s, lower taxes on profits derived from US manufacturing to zero, and reduce the government regulatory burden. You will see a booming economy as manufacturing returns to the USA.
I’ve always been a fan of putting everything up for a national public vote. If it’s not related to war or a natural disaster, it can wait.
And Congress would spend less time at DC as well.
He wants to abolish the current system and replace it with the same thing, in fewer words.
No more income tax at all.
What’s wrong with wanting to protect the country? We’ve been blown wide open for far too long.
Nothing wrong with wanting to protect the country, but obstructing free trade isn’t the way to do it.
Dennis,
You had better start doing a lot more homework than just reading talking points. I did and it was called a college paper on economics when the Flat Tax was being discusses and A VAT IS NOT ANYWHERE CLOSE to the sales tax component of the 999 plan. (keypoint to remember is “THIS” sales tax plan)
As said before, those who try to propagate this lie are either ignorant, stupid or politically disingenuous. Because of the nature of this site, I would say you are the latter but you still have the opportunity to prove me wrong, in a number of ways.
That IS a VAT!
Wrong.
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