January 09, 2012

What is the real difference between the flat income tax and the FairTax?

Socialism in it's true form has been tried, but never achieved for the simple reason that man is not capable of walking on water.  It fails as does a democracy, every single time ending in fascism or dictatorship.  Democracy lasts longer, but a republic to which we are formed puts advantage of wise men in control as many representatives.

We know what the founders thought by the many writings in place.  Read the Federalist or anti-federalist papers, the congressional record for when the Bill of Rights was created is superb.  It identifies the fact that we are 50 Nations under the very limiting of Federal power US Constitution.

Benjamin Franklin stated that the least invasive of tax structures is the Consumption tax. FairTax is known as the greatest shift of power from the Government back to the people, as it moves federal taxation from a mandate of fascism to a voluntary choice in liberty. 

The most evident reality is the insanity of paying federal taxes by income taxation, to which the employer paces these taxes in the price of the production manufactured.   Then the employee goes around the counter and buys a product made within the borders of the Union, only to pay those same taxes again, with only one benefit to the taxing authority and the citizen paying the taxes twice.

Here is how we got into our current fiscal crisis over the past 30 years:  http://rgeorgedunn.blogspot.com/p/america-where-did-we-go-wrong.html

Under FairTax consumption tax, we can afford to transition back to Constitutional Conduct, for example: replace federal entitlements mandate with a private IRA with HSA ryder, locally collected with many options to choose from, including local community, and either voluntary or State mandated.  IRA/HSA is both safe from federal theft and brings healthcare into the competitive ream of free enterprise, as HSAs inspire consumers to demand fair pricing of services:  http://rgeorgedunn.blogspot.com/p/obamacare-rations-senior-healthcare.html

If everyone knew all there is to know, they would not do half the things they do, including myself, therefore I must foregive them, including myself.

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