Quote:
Originally posted by mikemover
Allowing people to keep the money they have earned is NOT redistribution. Never has been. Never will be.
I know you pro-tax guys just CAN'T wrap your brains around this whole concept of "keeping what you earn", but keep trying....maybe you'll understand it eventually....
And yes, I DO believe we should have no progressive INCOME taxes. A progressive system is by definition unfair. It penalizes financial success, and rewards financial failure.
Abolish the IRS. National retail sales tax is the only way to go.
www.fairtax.org
Mike
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I do not consider myself a libertarian, however I favor the tax system advocated above - a consumption tax. That would potentially eliminate the dodges and games played by the current income tax system. Unfortunately there is too much vested interest in keeping it the way it is, especially for maintaining an economy based on consumption and discouraging savings.
On the other hand, the current shift of repubs is NOT allowing those who earn money to keep it. They are redistributing UP as they are giving legislative breaks to corporations in return for campaign contributions. This results in corporations constructing elaborate tax dodges by off-shoring corporate headquarters and faking investments/losses. Further, the drop in government income forces cuts in the departments that oversee and enforce the laws, so more and more companies are getting away with breaking laws to hide earnings.
The tax burden for the defense department's immense spending spree is falling onto the backs of the middle class while the top 1% get kickbacks. That is one reason the Libertarians object to Bush and Co.