The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.
The FairTax Act (HR 25, S 1025) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.
The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is [purported to be] a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.
The FairTax [purportedly]:
* Enables workers to keep their entire paycheck
* Enables retirees to keep their entire pension
* Reimburses the tax on purchases of basic necessities
* Allows American products to compete fairly
* Brings transparency and accountability to tax policy
* Ensures Social Security and Medicare funding
* Closes all loopholes and brings fairness to taxation
* Abolishes the IRS
http://www.fairtax.org/site/PageServer
There is No Such Thing as a Fair Tax
http://www.mises.org/story/1975
The problem that I see with the so called “Fair Tax” is that it places the entire burden of the taxation system directly onto the consumer. Who generates the greatest incomes and revenues in society? Businesses and corporations. How will the proposed ‘fair taxes’ be assessed and collected? On the products that are purchased and consumed.
How many loaves of bread does a business or corporation consume through the course of a year. My estimation is somewhere around zero. Almost every single item that the average person uses through the course of the day (deodorant, tooth paste, toilet paper, food, televisions, computers, automobiles, cooking utensils, etc.) will cost a full 30% more than they do now. Exactly how many of these things do businesses and corporations rely on to make it through the day? Not many. Yet, they are and will be reaping the largest profit margins.
The Fair Tax proposal is simply another lie to place the lions share of the cost of a government to act contrary to the benefit of its people onto the shoulders of the least wealthy of the society.
Conclusion:
Capitalism
noun
an economic, political and social system based on private ownership of property, business and industry, and directed towards making the greatest possible profits for successful organizations and people
Cambridge Advanced Learner's Dictionary
http://dictionary.cambridge.org/define.asp?key=11285&dict=CALD
For as long as society depends on a system which promotes and rewards greed, i.e. money, we will always experience the phenomenon of those who have the most money placing the burden of debt onto those who have the least.
As the money whores and masters writhe and lie and obfuscate in a never ending effort to take more and keep more for themselves, the people will eventually come to understand the despotism being perpetrated against them. They may not be able to comprehend the truth about what the answer to their plight is because the the money whores and masters have been systematically brainwashing them into believing that ‘Socialism’ itself is evil. But they will, and must, come to know that the system that they worship, the system that they rely on for every other aspect of their lives, their economy is what is truly corrupt at the root of it all and that capitalism itself is what is keeping them enslaved. And they will revolt. The only question is if they will choose the path that will enable and benefit all mankind.
The Answer:
socialism
noun
the set of beliefs which states that all people are equal and should share equally in the wealth of the country, or the political systems based on these beliefs
Cambridge Advanced Learner's Dictionary
http://dictionary.cambridge.org/define.asp?key=75392
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.”
The unanimous Declaration of the thirteen united States of America
http://www.ushistory.org/declaration/document/index.htm
Now honestly, which definition more closely matches our very Declaration of Independence? Capitalism or Socialism?
It is they, the slave masters, who do not wish for us to realize this plain reality.
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