English: George Orwell in Hampstead On the corner of Pond Street and South End Road, opposite the Royal Free Hospital. The bookshop has long gone. (Photo credit: Wikipedia)
The GOP have adopted Orwell’s 1984 as the authority for their thought and speech: doublethink and double talk from the Ministry of Truth where words have the opposite meaning of that commonly accepted and found in dictionaries.
The FAIR tax is not fair. It is a flat consumption tax with a gimmick, rebates to low-income consumers that I predict will disappear over time once the GOP have attained their objective. Their objective? Abolish the progressive income tax and the IRS.
Safety nets made of tissue paper that won’t hold water or rescue the needy either from accident or weather related distress.
The death tax which is not a tax the dead pay, but one assessed on the living. We claim to believe in a level playing field, so why should some be given an enormous head start in life? It is harmful to democracy and frequently harmful to the development of character in heirs and heiresses.
Compromise to the GOP means give me all I demand and 50% of what you demand.
Free markets are free from regulation so that competition can be stifled and monopoly profits earned.
Fair & Balanced graphic used in 2005 (Photo credit: Wikipedia)
Later this year Congress may take up the issue of tax reform. I specifically oppose the so-called FAIR tax, which is a consumption tax with exemptions for the poor. Not only is it regressive, but proponents want to set the rate at such a level that they claim it could replace income taxes, estate taxes, capital gains taxes and the IRS. Don’t be fooled by the misnamed FAIR tax. It is a regressive tax that is as fair and balanced as FOX News.
Abolish the IRS (Photo credit: chasingfun)
The FAIR tax is not fair. If you haven’t heard of the FAIR tax yet, you will when the Federal tax code is discussed and attempts are made later this year or next to simplify it and make it fairer.
In essence, the FAIR tax is a consumption tax with a gimmick to make people think that it would be a good deal; it would not be. A consumption tax hits lower income taxpayers harder proportionately than the rich because we must spend all we earn and see it taxed while the wealthy save a substantial portion of their earnings. The gimmick included in the FAIR tax is a rebate from the government of the FAIR taxes paid by lower income Americans up to a certain amount. Proponents of the FAIR tax claim that it could replace the income tax, the inheritance tax, the capital gains tax and payroll taxes and eliminate the need for the IRS.
It is my firm belief that if the FAIR tax were enacted and the IRS and other taxes eliminated, then the rebate for lower income taxpayers would gradually or quickly be phased out. The entire purpose of the FAIR tax, in my humble opinion, is the elimination of the graduated income tax. Once that is gone, there will be no way to finance Social Security and other government safety net programs. I don’t like taxes and the IRS either, but the graduated income tax is the fairest tax there is.