Crush Liberalism

Problems with the income tax system

Those of you who have been here long enough know that I am a strong supporter of the FairTax.  The current income tax system is punitive, complex, and subject to the manipulative whims of legislators who use the system to curry favors with the electorate.  An exemption here, a loophole there, and Congressman Slickpalm gets to brag to his pet constituents how he is helping them out.  The FairTax would empower people over government, and that’s why Congress has fought the idea more than Ted Kennedy fights sobriety.

Anywho, here are two more reasons to support the FairTax:

• The Obamessiah has decided that seniors ought not pay any income tax at all.  Apparently, merely being old is grounds to avoid supporting your government.  Leave it to all us whippersnappers to support your old behind.
• A new study shows that most companies avoid paying income taxes.  Aside from the obvious fact that companies don’t pay taxes (they merely collect them from everyone else), what this shows is that money that could be flowing through our own economy’s veins (and into government coffers) is instead propping up other countries’ economies.  When you punish success, success looks elsewhere.

The FairTax would strengthen our dollar, put more money in everyone’s pockets, create so many jobs you could shake a stick at (relax, liberals…no one’s going to force you to get a job!), bring back  hundreds of billions of Americans’ dollars that are currently in other countries (or offshore accounts, to avoid our punitive tax structure), invite foreign investors to sink their money into our new tax sheltering economy, result in more productive activity…all of which would result in not just raising others’ standards of living, but ultimately increasing revenue coming into the federal government.

Republican legislators oppose the FairTax because it takes away their power.  Democrat legislators oppose it for the same reason, plus it obliterates their ability to wage class warfare on the great unwashed.  H.R. 25 (the FairTax bill) has well over 100 House co-sponsors, but it needs more.  Considering that this was once but a blip on the radar screen, and now has seen the book The FairTax shoot to #1 on the NYT Best Seller list, the chances are getting better of its passage…even if it years away from happening.

August 12, 2008 - Posted by crushliberalism | economic ignorance, Fair Tax, taxes