In 1913, the 16th Amendment to the Constitution, which gave the government the authority to tax people’s income (up to 100% of it), was sold to the public as only taxing the rich. Sound familiar? By 1913, 36 States had ratified the 16th Amendment to the Constitution. In October, Congress passed a new income tax [...]
Archive of posts filed under the Fair Tax category.
Want More? Tax Less. Tax More? Get Less.
That about sums up the one an only truism about taxation. That politicians become drunk with power once they have the ‘tax hammer’ in their hot little hand is another. But that is more of a moral issue than an economic one. I came across this publication from the U.S. Treasury called The History of [...]
What Happens When Bush Tax Cuts Expire?
Income taxes punish work, stifle innovation (except in ways to avoid a tax liability) and risk-taking. Coming to a network news outlet near you, in addition to all the racial stirrings provoked by the ‘post-racial’ Obama administration, prepare yourself for the next chapter in the Obama administration’s (aka Saul Alinsky) handbook; class envy/warfare. It comes [...]
Ways And Means Closed The Door On FairTax
I encourage the input from all Americans, from both sides of the aisle. If you have a better idea, I want to hear it. That is the talking point from this honest and open administration. That is what President Obama has said, over and over. It is his alleged open door policy. But actions speak [...]
The FairTax Basics
The FairTax happens to be the most thoroughly researched tax reform plan in recent history. Below is a quick introduction to the FairTax and tax reform. Note also that the implementation of the FairTax and the subsequent increase in economic activity that ensues will all happen without increasing the debt or selling bonds to foreign [...]
The Truth About The FairTax
For someone who writes an article like this ‘The Flat Tax Is Not Flat and the FairTax Is Not Fair,’ it would help if its author, Laurence M. Vance, had his facts straight. Coming from his premise that the FairTax ‘has the most vocal and intolerant proponents,’ I’m detecting a certain aire of superiority from [...]
aSide Order
A FairTax Teaching Moment The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation’s plate and struggling to find money to pay the tab. The numbers could hardly be more stark: Tax receipts are on pace [...]
Cash For Clunkers, A Teachable Moment
It didn’t take more than a few days of the ‘cash for clunkers’ program to illustrate a few things. When people have money in their hands, they will spend it. And consumers spending money is what drives the economy. In this case, it stimulated the auto industry. The program has already had its meltdown in [...]
Fair Tax Advocates At Tea Party
Though not widely publicized, there was a ‘Tea Party’ at 9th Ave. & Creighton Road today. Lest there be any doubt, I am a supporter of the Fair Tax. It alone would begin a lasting economic recovery on into the future, without adding to or piling on the current national debt. The crowd of somewhere [...]
FairTax In Print And Online
Sunday’s opinion page of the Pensacola News Journal was like a page here explaining the Fair Tax. Then there’s this great video answering the question ‘What the FairTax would mean to you?’ Am hopeful the article will open some eyes and possibly attract more supporters locally. Must see, and share, this video. They chose Paul [...]
