tag:blogger.com,1999:blog-7327817.post3226810657659862147..comments2024-01-25T13:55:08.273+00:00Comments on Gendal World: Steve ForbesRichard Brownhttp://www.blogger.com/profile/14808940497740675782noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7327817.post-72149246259963338472006-12-24T16:24:00.000+00:002006-12-24T16:24:00.000+00:00Agreed.... vigilance really does need to be the wa...Agreed.... vigilance really does need to be the watchword!!Richard Brownhttps://www.blogger.com/profile/14808940497740675782noreply@blogger.comtag:blogger.com,1999:blog-7327817.post-5399207558473041672006-12-14T00:20:00.000+00:002006-12-14T00:20:00.000+00:00Hi Richard
Your point is well taken; Congress lov...Hi Richard<br /><br />Your point is well taken; Congress loves to tinker and make simple things complicated. <br /><br />While there are no guarantees, we do have safeguards against unwanted changes to the FairTax: the watchdogs in Congress, particularly John Linder, the author of HR25, the FairTax bill, and watchdog groups outside Capitol Hill. <br /><br />The FairTax is concerned only with spending, so EIC and similar issues (based on income) will not surface. The FairTax legislation shuts down the sections of the tax code that define and implement all income-based taxes. <br /><br />Since the prebate is designed to completely, fairly and uniformly un-tax the poor, no additional measures will be necessary under the legislation. <br /><br />Since the FairTax relieves business of federal taxation, the tax lobbyists on K street (which account for over half the lobbyists in DC) will have to find other work; their services of obtaining tax breaks for their employers will no longer be needed. There's one less source of interference with the FairTax bill. <br /><br />Your point is well taken, however. The FairTax grassroots and watchdog groups will be watching.<br /><br />All the information about your concerns is available at <a href="http://www.fairtax.org">www.FairTax.org</a>.<br /><br />Thanks again for your comment!<br /><br />ChadAnonymoushttps://www.blogger.com/profile/11577231579925262943noreply@blogger.comtag:blogger.com,1999:blog-7327817.post-73030439109576191902006-12-12T21:36:00.000+00:002006-12-12T21:36:00.000+00:00Hi Chad,
Thanks for the comments.
I hadn't heard...Hi Chad,<br /><br />Thanks for the comments.<br /><br />I hadn't heard of the FairTax before now. <br /><br />I agree that, even with one-off simplifications, tax codes will only ever show a tendency toward increasingly complexity if politicians are involved... it's just the nature of the beast.<br /><br />What I don't understand about FairTax is: what is there to stop complexity creeping in there, too? (e.g. an "Earned Income Groceries Credit" or some sort of "rebate" on certain kinds of consumption?)Richard Brownhttps://www.blogger.com/profile/14808940497740675782noreply@blogger.comtag:blogger.com,1999:blog-7327817.post-26230202923775437292006-12-06T11:27:00.000+00:002006-12-06T11:27:00.000+00:00The flat tax is a step in the right direction, but...The flat tax is a step in the right direction, but it is not a permanent or effective solution.<br /><br />We started out with a simple, one-rate tax, which grew into a complex maze of thousands of pages of code and multiple brackets. We simplified that code in 1986, reduced it down to two brackets, and eliminated most of the loopholes and many deductions. Today, 20 years later, the code is as complex as ever, with over 66,000 pages, and 5-6 brackets. Most of the loopholes are back. Control is on government’s side, with considerable lobbyist influence. If we adopt a “flat tax” we will see the same results within a few short years.<br /><br />There is a better choice.<br /><br />The ultimate solution is to simply eliminate the entire code and all the income-based taxes and replace it with a single-rate tax with a consumption base. This puts control on the peoples’ side, where the Founders intended it to be.<br /><br />The FairTax is such a replacement plan; it's the only plan of its kind, with extensive research and development by private-sector economists. The research and information is available at <a href="http://www.fairtax.org">FairTax.org</a>, including <a href="http://www.fairtax.org/pdf/Forbes-Rebuttal_of_Flat_Tax_Revolution_2-9-06.pdf">direct rebuttals</a> to excerpts from Forbes' book, The Flat Tax Revolution.<br /><br />Let’s not allow history to repeat itself. The only effective tax reform is total replacement with the FairTax.<br /><br />Chad Sargent<br />FairTax Volunteer<br />Raleigh, NC<br /><br /><a href="http://chadsargent.blogspot.com/">chadsargent.blogspot.com/</a>Chad Sargenthttps://www.blogger.com/profile/15633102539435858714noreply@blogger.com