JIM TRAFFICANT SPEAKS TO THE NATION. HONOR TO ONE OF VERY FEW GOOD ...
By canuck27
We should repeal the Sixteenth Amendment and abolish the Internal Revenue Service and institute a fair tax which would be a 25 percent retail sales tax, new retail sales only. The chairman of the economic department at Harvard did a ...
By canuck27
We should repeal the Sixteenth Amendment and abolish the Internal Revenue Service and institute a fair tax which would be a 25 percent retail sales tax, new retail sales only. The chairman of the economic department at Harvard did a ...
from page #4 of link:
Moderator, "You've also been focused on the tax issue for a long time. You've been a major critic of the IRS and few politicians dare to do that."
The tax code is at the root of the problems we have in America today. We have a communist Marxist-Leninist tax policy in America. People don't want to believe that, but it's the truth. The predicate of the Marxist economic platform was a progressive income tax aimed at the so-called wealthy. But the truth of the matter is that the wealthy can avoid payment of taxes and they do, legally. So they are also taking jobs offshore since this tax code has destroyed America's commerce.
You can't fix the system. It's got to be replaced. We should repeal the Sixteenth Amendment and abolish the Internal Revenue Service and institute a fair tax which would be a 25 percent retail sales tax, new retail sales only.
The chairman of the economic department at Harvard did a study that said this would be revenue-neutral, that it would raise the same amount of money our tax system now does and there would probably be no appreciable increase in prices, because if you take the burden of the current tax code off the backs of the companies that have all of these headaches dealing with it, they would be able to reduce prices for consumers. It would be the first border adjusted tax in our history. It's not protectionism. If you buy an American car, it's a 25 percent tax. If you buy a foreign car, it's a 25 percent tax.
But there should be no taxes on savings or investment, no death tax, no capital gains tax. There would be no more withholding on salaries. This tax encourages you to work. The more you work, the more you make. The more you spend the more you pay in taxes.
The tax code is at the root of the problems we have in America today. We have a communist Marxist-Leninist tax policy in America. People don't want to believe that, but it's the truth. The predicate of the Marxist economic platform was a progressive income tax aimed at the so-called wealthy. But the truth of the matter is that the wealthy can avoid payment of taxes and they do, legally. So they are also taking jobs offshore since this tax code has destroyed America's commerce.
You can't fix the system. It's got to be replaced. We should repeal the Sixteenth Amendment and abolish the Internal Revenue Service and institute a fair tax which would be a 25 percent retail sales tax, new retail sales only.
The chairman of the economic department at Harvard did a study that said this would be revenue-neutral, that it would raise the same amount of money our tax system now does and there would probably be no appreciable increase in prices, because if you take the burden of the current tax code off the backs of the companies that have all of these headaches dealing with it, they would be able to reduce prices for consumers. It would be the first border adjusted tax in our history. It's not protectionism. If you buy an American car, it's a 25 percent tax. If you buy a foreign car, it's a 25 percent tax.
But there should be no taxes on savings or investment, no death tax, no capital gains tax. There would be no more withholding on salaries. This tax encourages you to work. The more you work, the more you make. The more you spend the more you pay in taxes.
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