In response to:

Obama on Foreign Policy: Tax the Rich

Scrap Iron in Texas Wrote: Oct 20, 2012 10:48 AM
Can someone explain to me why taxing income is such a great idea? Wasn't the concept of a progressive income tax first presented in the Communist Manifesto? You know me, I prefer a consumption tax. And we have one in committee right now called the Fair Tax (HR 25/S 13).
Nick705 Wrote: Oct 20, 2012 12:03 PM
It was introduced as a "temporary measure" to pay for WWI. Temporary - when has a government ever ended a tax?
traitorbill Wrote: Oct 20, 2012 11:53 AM
What government subsidizes, you get more of. If government subsidizes dependency, we'll get more of it. And therefore more Democrat votes. Which is the idea. In the name of fairness, of course.
arpiem Wrote: Oct 20, 2012 11:05 AM
As good as the consumption tax sounds, it's really not. People have the idea that consumers pay the tax, and it's true that they supply the money for the tax, but it's the seller who is responsible for sending it in, and that may or may not include the tax you paid to the seller. As with the "sales" tax in many states, many businesses don't report some sales, but they always collect the tax.
Hawker 1 Wrote: Oct 20, 2012 11:19 AM
Oh right as if their is no tax cheating going on now with 70,000 plus pages of IRS code. With the Fair Tax there would be a lot less room for such masive tax faud as there is now.
Thousands of false returns being filed with billions being sent out on those returns . A system so big it will never catch the tax cheats.
Wellfare cheats claiming 5 to 10 kids for masive refunds . IRS ask , they drag their next door kids in . When they live in wellfare housing projects they have as many kids as they need to show the agent.
Scrap Iron in Texas Wrote: Oct 20, 2012 11:51 AM
You've got it Hawker.
I used to own a small business in Texas. No income tax, but I had to remit sales tax quarterly.
And if I was late, they sent an "agent" for the $300 or so I owed.
The states are very good at sales tax compliance.
Plus, with only on tenth the number of entities that mist remit tax, compliance costs are greatly reduced.
AND it take TWO to defraud a sales tax.
rman859 Wrote: Oct 20, 2012 11:04 AM
Taking success will result in less success. It's like fining speeders, you get less speeders. It's a universal truth.

As we run up to the final debate- this one on foreign policy- the establishment media hopes that it will be a defining moment in the Obama presidency.

But we already know that Obama’s speech- disguised as a debate- will contain nothing new.

His foreign policy will be based on a simple premise:

“If the rich were taxed at the same rates they were half a century ago,” said Obama senior advisor David Plouffe last year, “they’d be paying in over $350 billion more this year alone, which translates into trillions...

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