Comments on: Tax reform even Geithner couldn’t screw up http://monoblogue.us/2009/01/23/tax-reform-even-geithner-couldnt-screw-up/ I've presented news and views from Maryland's Eastern Shore since 2005, but my writing can be found at several conservative websites. Fri, 10 Feb 2012 01:25:43 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: TheWaterman http://monoblogue.us/2009/01/23/tax-reform-even-geithner-couldnt-screw-up/comment-page-1/#comment-97961 TheWaterman Mon, 26 Jan 2009 16:00:01 +0000 http://monoblogue.us/?p=3403#comment-97961 Why bother with the Fair Tax? It's politically unfeasible (since you need to repeal the 16th Amendment) and apart from that, it's prebate system turns everyone into a welfare recipient. If the desire is a consumption tax, the same thing can be accomplished with a flat rate income tax that only allows for exemptions for savings and investment. You'd get all the benefits of a consumption tax, but in a manner more politically feasible that doesn't make us all government dependents. Why bother with the Fair Tax? It’s politically unfeasible (since you need to repeal the 16th Amendment) and apart from that, it’s prebate system turns everyone into a welfare recipient.

If the desire is a consumption tax, the same thing can be accomplished with a flat rate income tax that only allows for exemptions for savings and investment. You’d get all the benefits of a consumption tax, but in a manner more politically feasible that doesn’t make us all government dependents.

]]> By: swampcritter2 http://monoblogue.us/2009/01/23/tax-reform-even-geithner-couldnt-screw-up/comment-page-1/#comment-97932 swampcritter2 Sat, 24 Jan 2009 12:14:23 +0000 http://monoblogue.us/?p=3403#comment-97932 I've been following and boosting the Fair Tax for some time now. The principal reason it would be passed over is because at it's heart it does not empower government. This alone makes it anathema to many liberals. Congressman Linder was has been approached by representatives of other countries who have read his book (co-authored by Neal Boortz) and liked what they saw. These other countries recognize the Fair Tax as an opportunity to boost a nation's economic output and prosperity. It is to Lender's credit that he has declined their invites. Charles Rangel of House Ways and Means, is also impressed with it, and has said as much, but has also stated that because the Fair Tax is viewed as a Republican effort and not a Democrat Party one, it won't make it out of committee unless it can be co-opted.(translation: stolen) Louis Gommertz (I believe that's a close spelling) Republican congressman from Texas would have the government declare a 6 week tax holiday and suspend all federal, and social security tax to individuals. Instead of the gov't dispersing bailout money to it's corporate "sugardaddies" the people would decide using the marketplace who gets THEIR money. Another good idea I think. The resulting revenues from this influx of cash to ailing economies would be welcome. It's unlikely to go anywhere, more' the pity. The most public booster of the Fair Tax is talk-radio's Neal Boortz. I’ve been following and boosting the Fair Tax for some time now. The principal reason it would be passed over is because at it’s heart it does not empower government. This alone makes it anathema to many liberals.
Congressman Linder was has been approached by representatives of other countries who have read his book (co-authored by Neal Boortz) and liked what they saw. These other countries recognize the Fair Tax as an opportunity to boost a nation’s economic output and prosperity. It is to Lender’s credit that he has declined their invites.
Charles Rangel of House Ways and Means, is also impressed with it, and has said as much, but has also stated that because the Fair Tax is viewed as a Republican effort and not a Democrat Party one, it won’t make it out of committee unless it can be co-opted.(translation: stolen)
Louis Gommertz (I believe that’s a close spelling) Republican congressman from Texas would have the government declare a 6 week tax holiday and suspend all federal, and social security tax to individuals. Instead of the gov’t dispersing bailout money to it’s corporate “sugardaddies” the people would decide using the marketplace who gets THEIR money. Another good idea I think. The resulting revenues from this influx of cash to ailing economies would be welcome. It’s unlikely to go anywhere, more’ the pity.
The most public booster of the Fair Tax is talk-radio’s Neal Boortz.

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