I don't know if this has been posted yet? (probably) This is Aaron Russo's video on google-very very good.
http://video.google.com/videoplay?docid=-4312730277175242198&q=
http://video.google.com/videoplay?docid=-4312730277175242198&q=
Instead, you would have a 23% sales tax on new goods and services.
I believe the republic that was started more than 250 years ago is dead, as well as the freedom it brought us.
To be honest, I'd say that roughly 75% of the country don't even know who Ed Brown is....
...keep them fat, happy, and "safe".
ksnecktieman said:Sorry, peeps, I must say that I think sales tax sucks as a way to equalize everything... An example,,,, Mom, and Dad, working for minimum wage to support three kids,, combined income under 25 thousand??? John doe got lucky, and patented a widget, income for a single guy 1 million bucks... Mom and dad, have to spend every penny of their 25k income to support themselves, and the kids, so all of it is taxed. While John Doe has to spend seven thousand to pay for necessities? He has 993 thousand dollars of untaxed income?
crazed ss said:Not everyone wants to live in a log cabin in the middle of the forest and have to live off the land to survive. It's 2007, not 1797. I'd much rather be fat, happy, and safe than starving, depressed, and in danger.
What makes you think living off the land means you are starving, depressed, and in danger? I've never met an emaciated, depressed, and fearful Amish person, or mountain man, or old sea dog. Some people like that life style. Don't knock it until you've tried it.
Have to agree with the above. He can save the money, but he'll inevitably spend it(and if he doesn't one of he descendents will), and then he'll pay the tax. This system does encourage more saving than the previous, but money just sits in the bank or under the matress. It's the cars, booze, guns, fancy houses and butlers that you enjoy. And so you're theory only works if he lives worse than that 25k couple you mentioned. One of the tax shelter ideas I believe works along the lines of starting a trust or something, and manipulating your donations, and having the whatever cover some things, in such a way as to make the IRS happy(no doubt it works differently, or more complicated, but whatever). That wouldn't work here, since the trust or whatever would pay the sales tax too.While John Doe has to spend seven thousand to pay for neccessities? He has 993 thousand dollars of untaxed income?
crazed ss said:Fair enough.. and some people also like being fat, happy, and safe with their gaz-guzzling SUV, pretty wife, new condo, and processed food. Different strokes for different folks. The thing is I always hear people on this boarding whining about how Americans have lost their way since people want to live life in comfort.
Can I ask what's wrong with being fat, happy, and safe?
and some people also like being fat, happy, and safe with their gaz-guzzling SUV, pretty wife, new condo, and processed food. Different strokes for different folks.
a rather important part of fairtax is that everybody gets a monthly payment for poverty level spending for their family size.
So the million dollar inventer gets a pittance(while probably buying a mansion and a number of hot cars), while the family of 5 with 25k of income get's the equivalent of EIC, so they actually end out ahead.
And what of the single guy who doesn't spend a thing, instead saving his money, and not spending much more above sustainance level? We can't be having that! Think of all the money he'd have; we've got to take some of that and give the tax money to those who need it!
All of our lives we have been taught to take from the rich, and give to the poor. THAT IS WRONG.