Posted by
PunditGeorge on Wednesday, February 04, 2009 12:00:00 AM
Timothy Geithner, Tom Daschle, Nancy Killefer and Charles Rangel have clearly shown why the existing tax revenue structure for funding the federal government must be erased. Not repaired, not patched, but replaced with an entirely different system.
Whether intention or otherwise, each of these folks got into trouble by not paying income/payroll tax. In a United States with the Fair Tax even the most negligent office holder would pay, in full, his/her tax obligation. Someone gives you a gift? Good for you. You give someone a gift? Good for you. Uncle Sam would no longer force you to justify keeping the money/wealth you accumulate. The IRS is out of business. In this rational, simpler, United States, Geithner, Daschle, Killefer, and Rangel would have paid their tax due with each retail purchase of a good or service. They’d sleep better at night knowing they didn’t have to hide their income.
The Fair Tax is fair to all, high and mighty, Joe/Jane six pack, the struggling worker, and those young folk entering adulthood. Uncle Sam no longer punishes a person for their earnings, but encourages it. The more people earn, the more they spend. The more they spend, the more revenue goes to the federal treasury.
The Fair Tax IS possible - few issues seem to enrage Americans than high level “tax cheats.” If Americans are truly energized, and ready for change, this is the issue. Elected officials, Republican, Democrat, Independent, will respond to a ground swell of citizen demand to abolish the current tax code and replace it with the Fair Tax. Once people grasp the essentials of the Fair Tax, it’s a no-brainer. Even the least inspired politician will understand that.