DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Neal Boortz supports the socialist friendly Fair Tax?

**alfredtaniypnx** · 01-17-2006, 07:47 PM

The consumption tax has 2 benefits:

1. It is very simple, easy to enforce and requires no tax forms, no extra time to prepare tax and track down the ones who don't pay. Therefore, the overall tax level should go down because so many people dudge at least a portion of their taxes and a lot of resources (time and money) is spent filling out the tax forms every year and also result in lost revenues.

2. When you don't tax income and capital, it creates a significal insentive to invest which in turn creates jobs and opportunity.

There's a way to make this tax more fair to the poor by, for example, only taxing items that cost, say, over 100 dollars (this number can be 200 or more) and keep the income tax at a lower level. Say, reduce income tax by 50% and introduce some form of consumption tax. But that will probably never happen because most people don't like change even if it's change for the better. And those who benefit from so many deductions, won't want anything to change and will lobby against it.

01-17-2006, 07:47 PM	#12
alfredtaniypnx Join Date Oct 2005 Posts 389 Senior Member	The consumption tax has 2 benefits: 1. It is very simple, easy to enforce and requires no tax forms, no extra time to prepare tax and track down the ones who don't pay. Therefore, the overall tax level should go down because so many people dudge at least a portion of their taxes and a lot of resources (time and money) is spent filling out the tax forms every year and also result in lost revenues. 2. When you don't tax income and capital, it creates a significal insentive to invest which in turn creates jobs and opportunity. There's a way to make this tax more fair to the poor by, for example, only taxing items that cost, say, over 100 dollars (this number can be 200 or more) and keep the income tax at a lower level. Say, reduce income tax by 50% and introduce some form of consumption tax. But that will probably never happen because most people don't like change even if it's change for the better. And those who benefit from so many deductions, won't want anything to change and will lobby against it.
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