tag:blogger.com,1999:blog-11626279.post5339201311181864994..comments2024-01-19T09:04:03.601-08:00Comments on powering down: no '08 runnulinegvgvhttp://www.blogger.com/profile/05007178148902846658noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11626279.post-31498971859361031642007-10-17T20:14:00.000-07:002007-10-17T20:14:00.000-07:00running shmunning.... sightoo latenobody can be ru...running shmunning.... sigh<BR/><BR/>too late<BR/><BR/>nobody can be running on a platform like this<BR/><BR/>if you are an incredible liar and actor - spend 30 years screwing everyone to get to the top - get elected by the money <BR/><BR/>then ... once president - enact this<BR/><BR/>but wait - there is congress, senate, lobby, "checks and balances"<BR/><BR/>and if even that does not stop you - some lonesome sniper with a warehouse job certainly will<BR/><BR/>isn't that how Roosevelt died <BR/>LOL (in a sad tone)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11626279.post-44550425061065151002007-10-17T10:58:00.000-07:002007-10-17T10:58:00.000-07:00You know, if it weren't for Stephen Colbert runnin...You know, if it weren't for Stephen Colbert running, I'd have to write you in, Aaron ;-).<BR/><BR/>Sharonjewishfarmerhttps://www.blogger.com/profile/17547121621115074866noreply@blogger.comtag:blogger.com,1999:blog-11626279.post-52804822081962465122007-10-16T06:43:00.000-07:002007-10-16T06:43:00.000-07:00i am aware of the fair tax idea matt but thanks fo...i am aware of the fair tax idea matt but thanks for thinking me so clever as to have come up with it on my own.nulinegvgvhttps://www.blogger.com/profile/05007178148902846658noreply@blogger.comtag:blogger.com,1999:blog-11626279.post-91625099699237581992007-10-12T22:31:00.000-07:002007-10-12T22:31:00.000-07:00While many who are invested in the current income ...While many who are invested in the current income tax system seek to <B><A HREF="http://snipurl.com/taxpanelrebutted" REL="nofollow">demagog the well-researched FairTax plan</A></B>, FairTax's theoretical underpinnings have been <B><A HREF="http://snipurl.com/taxnotes_galerebut" REL="nofollow">professionally reviewed</A></B>, and its acceptance in the <B><A HREF="http://snipurl.com/econsopenletter" REL="nofollow">professional / academic community</A></B> continues to grow. <BR/><BR/>Renown economist Laurence Kotlikoff believes that failure to enact the FairTax - choosing instead to try to "flatten" what he deems to be a non-flattenable income tax system - will eventuate into an <B><A HREF="http://snipurl.com/meltdowninprogress" REL="nofollow">irrevocable economic meltdown,</A></B> because of the hidden aspects of the current system that make political accountability impossible. Tom Frey, of the DiVinci Institute, foresees the <B><A HREF="http://snipurl.com/incometaxcollapse" REL="nofollow">coming collapse</A></B> of the income tax system.<BR/><BR/>Here is why the FairTax MUST replace the income tax. It's:<BR/><BR/><I>• SIMPLE, easy to understand<BR/>• EFFICIENT, inexpensive to comply with and doesn't cause less-than-optimal business decisions for tax minimization purposes<BR/>• FAIR, loophole free and everyone pays their share<BR/>• LOW TAX RATE, achieved by broad base with no exclusions<BR/>• PREDICTABLE, doesn't change, so financial planning is possible<BR/>• UNINTRUSIVE, doesn't intrude into our personal affairs or limit our liberty<BR/>• VISIBLE, not hidden from the public in tax-inflated prices or otherwise<BR/>• PRODUCTIVE, rewards, rather than penalizes, work and productivity</I><BR/><BR/>Its benefits are as follows:<BR/><BR/>For <B>INDIVIDUALS</B>:<BR/><I>• No more tax on income - make as much as you wish<BR/>• You receive your full paycheck - no more deductions<BR/>• You pay the tax when you buy "at retail" - not "used"<BR/>• No more double taxation (e.g. like on current Capital Gains)<BR/>• Reduction of "pre-FairTaxed" retail prices by 20%-30%<BR/>• Adding back 29.9% FairTax maintains current price levels<BR/>• FairTax would constitute 23% portion of new prices<BR/>• Every household receives a monthly check, or "pre-bate"<BR/>• "Prebate" is "advance payback" for taxes payable on monthly consumption to poverty level<BR/>• FairTax's "prebate" ensures progressivity, poverty protection<BR/>• Finally, citizens are knowledgeable of what their tax IS<BR/>• Elimination of "parasitic" Income Tax industry<BR/>• NO MORE IRS. NO MORE FILING OF TAX RETURNS by individuals<BR/>• Those possessing illicit forms of income will ALSO pay the FairTax<BR/>• Households have more disposable income to purchase goods<BR/>• Savings is bolstered with reduction of interest rates</I><BR/><BR/>For <B>BUSINESSES</B>:<BR/><I>• Corporate income and payroll taxes revoked under FairTax<BR/>• Business compensated for collecting tax at "cash register"<BR/>• No more tax-related lawyers, lobbyists on company payrolls<BR/>• No more embedded (hidden) income/payroll taxes in prices<BR/>• Reduced costs. Competition - not tax policy - drives prices<BR/>• Off-shore "tax haven" headquarters can now return to U.S<BR/>• No more "favors" from politicians at expense of taxpayers<BR/>• Resources go to R&D and study of competition - not taxes<BR/>• Marketplace distortions eliminated for fair competition<BR/>• US exports increase their share of foreign markets</I><BR/><BR/>For the <B>COUNTRY</B>:<BR/><I>• 7% - 13% economic growth projected in the first year of the FairTax<BR/>• Jobs return to the U.S.<BR/>• Foreign corporations "set up shop" in the U.S.<BR/>• Tax system trends are corrected to "enlarge the pie"<BR/>• Larger economic "pie," means thinner tax rate "slices"<BR/>• Initial 23% portion of price is pressured downward as "pie" increases<BR/>• No more "closed door" tax deals by politicians and business<BR/>• FairTax sets new global standard. Other countries will follow</I><BR/><BR/>It's well past time to <B><A HREF="http://snipr.com/scrapthecode" REL="nofollow">scrap the tax code</A></B> and pay for government the way that America's working men and women are paid - when something is sold.<BR/><BR/><BR/><I>(Permission is granted to reproduce in whole or part. - Ian)</I>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11626279.post-18140378508383557692007-10-12T16:09:00.000-07:002007-10-12T16:09:00.000-07:00Sounds good to me! Did you make your plea for a c...Sounds good to me! Did you make your plea for a consumption tax because of the Fair Tax initiative? Or did you come up with that on your own?<BR/><BR/>I think one term might be too short. I was thinking 1 term in the Senate and 3 in the House, to make their time equal, but you can't one position and then the other, as most do now.Matthttps://www.blogger.com/profile/12261311477471235210noreply@blogger.com