Even after reading this, Debunking the Fair Tax Myth I think that replacing the federal income tax with a consumption tax is a viable idea. It just isn’t viable in the way that the proponents of the “Fair Tax” want to implement it.
Although I’m sure many are aware of the specifics of the act, it never hurts to review! H.R. 25, the FairTax Act, is a proposal that would eliminate every federal tax currently levied (income, capital gains, FICA, corporate, estate, payroll, etc.) and replace them with a flat, national, 23% sales tax on the total transactional value of all new retail goods and services. “All new retail goods and services” means precisely that – food, clothing, medicine, rent, utilities, health care, legal services, gas, everything. It is designed to be revenue-neutral; that is, if it were enacted today, the total revenues brought in from federal taxation would supposedly remain constant. Additionally, the FairTax also calls for households to receive a monthly tax rebate, equal to 23% of poverty level spending; this “prebate,” as it is referred to by proponents, is designed to effectively eliminate taxation on bare necessities.
Probably the biggest factor in making the Un-Fair Tax workable is the rebate portion. It would be simpler and more cost effective for those under a certain income level to have a card that would exempt them from taxes on certain necessities at the check-out ( think instant rebates) and/or excluding things like groceries and medicine from the tax altogether.
I have a dream or rather a wish for Hizbullah and a good portion of the population of Israel. Rather then the small claustrophobic drawing room of Jean Paul Sartre’s No Exit my dream is that when they die they all go to a large airport terminal waiting area. There is plenty to eat, but only if they share and there are no weapons except for large foam bats. They are doomed to stay in this terminal waiting room until they do learn to share and learn to negotiate all desputes without resorting to bat use. Once they do learn how to at least appear civilized they can venture out from the waiting room and enjoy thiings like picnics in a beautiful park or sailboating on a pristine blue lake. Its a silly dream I admit. There was a school of thought, an approarch rather to rising children that I think became popular back in the eighties know as Tough Love, I’d like to sit Israel and Lebanon in the corner and make them stare at the wall until they can explain their behavior, coherently explain their problems and come up with some wise solutions. The president of the United States could make some people sit in the corner, but has chosen not to. Too bad for the middle-east that Bush acts more like narcoleptic rent-a-cop then a real leader.
The Kink of Zembla explains Killology. At least up to a point. Iraq is not in anyway an example of a just war, it is not going to stop small groups of hateful individuals from committing acts of terror and has actually made the middle-east even less stable. In a war that was a defensive necessity, like WW II Killology might well be a necessary, but hopefully temporary conditioning in order to toughen troops for battle and save lives in those wars that are worth fighting.
As much as I would like to jump on that bandwagon that says if you’re honest, work hard, and sacrifice you’ll have a wondeful life. My real world experience has shown me that often times many people do just that and never keep their heads mopre then a few inches above water. What I would agree with is that working hard, being honest, and making sacrifices is more likely to increase your chances of making headway then doing the oppostie. There is one area in life where the conventional wisdom appears to be true, college, Willpower is best used with care
Anne was working on the principle that in academic achievement it is self-discipline, not talent, that counts. Ten years on, a study published recently in Psychological Science has come to exactly the same conclusion.
Psychologists Angela Duckworth and Martin Seligman descended on the eighth grade of a large public school in the northeast of the US. As the autumn leaves fell, each of the 160-odd children took an IQ test, then they (and their parents and teachers) answered questionnaires that probed self-control. Are you good at resisting temptation, they were asked. Can you work effectively towards long-term goals? Or do pleasure and fun sometimes keep you from getting work done?
The children were also given a real-life test of their ability to delay gratification. Each was handed a dollar bill in an envelope. They could choose either to keep it or hand it back and get $2 a week later. Their decision was carefully recorded.
The researchers returned in spring. They took note of each child’s grades and then looked back to see both how clever, and how self-controlled, that student had been in autumn. What, they wanted to know, was the most important factor in school grades?
The psychologists discovered it was self-control, by a long shot. A child’s capacity for self-discipline was about twice as important as his or her IQ when it came to predicting academic success.
Hey Mr. Dinosaur
You really couldn’t ask for more.
You were God’s favorite creature,
But you didn’t have a future,
Walking in your footsteps,
from the lyrics Walking InYour Footsteps by The Police