Individual income taxes could painlessly be eliminated if federal spending was simply reduced to about the level it was at the beginning of the previous administration. Unfortunately, however, no recent tax reform proposal even addresses the issue of giving the federal government less money to spend. All of these plans are doomed from the beginning as a solution to the wealth-destroying, redistributionist, success-punishing, social engineering, welfare state-funding tax code because they ignore the real problem. FULL ARTICLE
Source link: http://archive.mises.org/6518/real-tax-reform/
Real Tax Reform
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@DTO
Well said. Mr. Vances “plan” has NO specifics
To the rest, I agree Gov’t must be shrunk, but a safety net for those not as fortunate should exist. What do we do with the unfortunate? Say F it and just let them die? Survival of the fittest?
Actually, Fmr. Arkansas Gov. Mike Huckabee would try to fund payroll tax programs like Social Security under the FairTax. And one argument can be made that for a pure FairTax, all excise taxes (including the Federal Gas Tax) except those retail-based ones should be abolished to prevent massive double-taxation on goods. Thank you and no offense to FairTax opponents.
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