1. Eliminate the system that mails a cheque to every person every month. 1000% prone to abuse.
Maybe so, but the current system is much more prone to abuse. In any case, no system will be perfect, and the fairtax reduces copliance costs by a factor of 100, and also reduces the number of collection points significantly, allowing government to focus their enforcement efforts more efficiently.
2. The arguments that interest rates will fall by 0.25%, and that the costs of all retail goods and services will fall by 20-25% are really, really tenuous, at best, and they are integral into the supposedly neutral effects of the change.
I assume you have research to back up your statements?
Please refer to these documents for more information. Americans for Fair Taxation (creators of the FairTax) was founded as a research organization, and is supported by research from places such as Stanford, MIT and Harvard.
This public policy paper by the CATO Institute on a national sales tax specifically refers the the drop in interest rates.
The revenue-neutrality refers only to the fact that the FairTax would raise no more or less revenue than the current system, while reducing compliance costs and broadening the tax base. This reduction in costs is where the savings comes in, hence the reduction in prices and interest rates.
3. The issue with new homes versus existing homes seems fishy, at best. The market doesn't work that way.
Abolish the IRS and get the government out of the business of spying on taxpaying citizens.
The FairTaxproposal is a comprehensive plan to replace federal income and payroll taxes, including personal, gift, estate, capital gains, alternative minimum, Social Security/Medicare, self-employment, and corporate taxes. The FairTax proposal integrates such features as a progressive national retail sales tax, dollar-for-dollar revenue replacement, and a rebate to ensure that no American pays such federal taxes up to the poverty level. Included in the FairTax plan is the repeal of the 16th Amendment to the Constitution. The FairTax allows Americans to keep 100 percent of their paychecks (minus any state income taxes), ends corporate taxes and compliance costs hidden in the retail cost of goods and services, and fully funds the federal government while fulfilling the promise of Social Security and Medicare.
Americans take home their whole paychecks.
Not only do more Americans have jobs, but they also take home 100 percent of their paychecks (except where state income taxes apply). No federal income taxes or payroll taxes are withheld from paychecks, pensions, or Social Security checks.
No federal sales tax up to the poverty level means progressivity like today's tax system.
To ensure no American pays tax on necessities, the FairTax plan provides a prepaid, monthly rebate (prebate) for every registered household to cover the consumption tax spent on necessities up to the federal poverty level. This, along with several other features, is how the FairTax completely untaxes the poor, lowers the tax burden on most, while making the overall rate progressive. However, the FairTax is progressive based on lifestyle/spending choices, rather than simply punishing those taxpayers who are successful. Do you see how much freer life is with the FairTax instead of the income tax?
No tax on used goods. The amount you pay to fund the government is totally visible.
With the FairTax you are only taxed once on any good or service; the sales tax is charged just as state sales taxes are today. If you choose to buy used goods - used car, used home, used appliances - you do not pay the FairTax. If, as a business owner or farmer, you buy something for strictly business purposes (not for personal consumption), you pay no consumption tax. When you decide what to buy and how much to spend, you see exactly how much you are contributing to the government with each purchase.
Retail prices no longer hide corporate taxes or their compliance costs, which drive up costs for those who can least afford to pay.
Did you know that hidden income taxes and the cost of complying with them currently make up 20 percent or more percent of all retail prices? It's true. According to Dr. Dale Jorgenson of Harvard University, hidden income taxes are passed on to the consumer in the form of higher prices for everything you buy. If competition does not allow prices to rise, corporations lower labor costs, again hurting those who can least afford to lose their jobs. Finally, if prices are as high as competition allows and labor costs are as low as practical, profits/dividends to shareholders are driven down, thereby hurting retirement savings for moms-and-pops and pension funds invested in Corporate America. With the FairTax, the sham of corporate taxation ends, competition drives prices down, more people in America have jobs, and retirement/pension funds see improved performance.
The income tax exports our jobs, rather than our products. The FairTax brings jobs home.
Most importantly, the FairTax does not burden U.S. exports the way the current income tax system does. The FairTax removes the cost of corporate taxes and compliance costs from the cost of U.S. exports, putting U.S. exports on a level playing field with foreign competitors. Lower prices sharply increase demand for U.S. exports, thereby increasing job creation i
We need to get rid of the IRS altogether and replace it with the FairTax.
The FairTax would replace the complex and difficult to understand federal income tax with a fair and simple national sales tax.
Under the FairTax, Americans will take home 100% of their paychecks, allowing them to save more money for education and retirement, as well as make investments that will stimulate our economy. Not only will American workers take home their whole paychecks, each registered household will receive a monthly "prebate" check to refund taxes paid on necessities. This combination of sales tax and monthly prebate makes the FairTax the only tax proposal that completely "untaxes" the poor.
The FairTax is revenue neutral. While the American worker has everything to gain under this new system of taxation, the government will lose nothing in federal funding.
The current system of taxation is beyond repair. Compliance is difficult and expensive, often prohibitively so for aspiring small businesses.
I am a Linux newbie and have a similar problem myself. It was installed on a dual-boot system with Windows XP.
I originally had FC 1 and then tried to upgrade, and it broke my boot loader.
If I can boot up with a CD, how can I fix this?
Do you need a rescue CD, or can you use the install CD to boot off of?
I don't remember where I read it, but I remember doing some reading on space elevators, and found out that it is much better to have a combination system, where the elevator doesn't actually come allthe way to the ground, but goes from orbit to a spot just inside the atomosphere, where a cargo-plane type vehicle can fly up to it in the atmosphere and dock with it.
This arrangement had all kinds of advatages, not the least of which was being able to use existing airports and having the thing stay inone place as the earth turns, allowing it to be used by various locations around the world.
And it is much cheaper and easier than one that goes all the way to the ground.
Another good news for the Mandrake community is an announce from Mandrakesoft that due to the stock resumed trading on Euronext on last Monday, with a nice increase of +10.00% in three days."
Nice editing job!
The only problem with your theory is that the original Battlestar Galagtica SUCKED ASS, and the new series is actually cool, whereas Star Trek TNG built on something good and made it better.
I think the new Galactica Series is excellent taken on it's own.
I really wanted to come up with a good joke here...but nothing seemed to fit. I guess guys carrying emails on motorcycles is pretty funny all by itself!
Why don't you just add an extra modifier to your view, so intelligent comments are modded up and funny commetns are modded down.
If you were so "smart" you would have figured this out already...
I don't think that this would be possible, at least for a very long time, because I believe that memories are stored holographically.
In the book, The Holographic Universe, one of the things it explains is how memory might be holographic, which would explain how people who loose big chunks of their brains are able to recover.
I've heard about this invention, and it promises to make the ultimate 4-wheel dive vehicle! I can now take my old Land Cruiser and remove the engine, replace the wheels with these motors, and load the trunk up with batteries!
It also promises to make auto repair much easier...just swap out a wheel.
Slashdot Mirror
Maybe so, but the current system is much more prone to abuse. In any case, no system will be perfect, and the fairtax reduces copliance costs by a factor of 100, and also reduces the number of collection points significantly, allowing government to focus their enforcement efforts more efficiently.
2. The arguments that interest rates will fall by 0.25%, and that the costs of all retail goods and services will fall by 20-25% are really, really tenuous, at best, and they are integral into the supposedly neutral effects of the change.
I assume you have research to back up your statements?
Please refer to these documents for more information. Americans for Fair Taxation (creators of the FairTax) was founded as a research organization, and is supported by research from places such as Stanford, MIT and Harvard.
This public policy paper by the CATO Institute on a national sales tax specifically refers the the drop in interest rates. The revenue-neutrality refers only to the fact that the FairTax would raise no more or less revenue than the current system, while reducing compliance costs and broadening the tax base. This reduction in costs is where the savings comes in, hence the reduction in prices and interest rates.
3. The issue with new homes versus existing homes seems fishy, at best. The market doesn't work that way.
I one again refer you to the research on the effect to the housing market.
Abolish the IRS and get the government out of the business of spying on taxpaying citizens.
The FairTaxproposal is a comprehensive plan to replace federal income and payroll taxes, including personal, gift, estate, capital gains, alternative minimum, Social Security/Medicare, self-employment, and corporate taxes. The FairTax proposal integrates such features as a progressive national retail sales tax, dollar-for-dollar revenue replacement, and a rebate to ensure that no American pays such federal taxes up to the poverty level. Included in the FairTax plan is the repeal of the 16th Amendment to the Constitution. The FairTax allows Americans to keep 100 percent of their paychecks (minus any state income taxes), ends corporate taxes and compliance costs hidden in the retail cost of goods and services, and fully funds the federal government while fulfilling the promise of Social Security and Medicare.
Americans take home their whole paychecks.
Not only do more Americans have jobs, but they also take home 100 percent of their paychecks (except where state income taxes apply). No federal income taxes or payroll taxes are withheld from paychecks, pensions, or Social Security checks.
No federal sales tax up to the poverty level means progressivity like today's tax system.
To ensure no American pays tax on necessities, the FairTax plan provides a prepaid, monthly rebate (prebate) for every registered household to cover the consumption tax spent on necessities up to the federal poverty level. This, along with several other features, is how the FairTax completely untaxes the poor, lowers the tax burden on most, while making the overall rate progressive. However, the FairTax is progressive based on lifestyle/spending choices, rather than simply punishing those taxpayers who are successful. Do you see how much freer life is with the FairTax instead of the income tax?
No tax on used goods. The amount you pay to fund the government is totally visible.
With the FairTax you are only taxed once on any good or service; the sales tax is charged just as state sales taxes are today. If you choose to buy used goods - used car, used home, used appliances - you do not pay the FairTax. If, as a business owner or farmer, you buy something for strictly business purposes (not for personal consumption), you pay no consumption tax. When you decide what to buy and how much to spend, you see exactly how much you are contributing to the government with each purchase.
Retail prices no longer hide corporate taxes or their compliance costs, which drive up costs for those who can least afford to pay.
Did you know that hidden income taxes and the cost of complying with them currently make up 20 percent or more percent of all retail prices? It's true. According to Dr. Dale Jorgenson of Harvard University, hidden income taxes are passed on to the consumer in the form of higher prices for everything you buy. If competition does not allow prices to rise, corporations lower labor costs, again hurting those who can least afford to lose their jobs. Finally, if prices are as high as competition allows and labor costs are as low as practical, profits/dividends to shareholders are driven down, thereby hurting retirement savings for moms-and-pops and pension funds invested in Corporate America. With the FairTax, the sham of corporate taxation ends, competition drives prices down, more people in America have jobs, and retirement/pension funds see improved performance.
The income tax exports our jobs, rather than our products. The FairTax brings jobs home.
Most importantly, the FairTax does not burden U.S. exports the way the current income tax system does. The FairTax removes the cost of corporate taxes and compliance costs from the cost of U.S. exports, putting U.S. exports on a level playing field with foreign competitors. Lower prices sharply increase demand for U.S. exports, thereby increasing job creation i
We need to get rid of the IRS altogether and replace it with the FairTax.
The FairTax would replace the complex and difficult to understand federal income tax with a fair and simple national sales tax.
Under the FairTax, Americans will take home 100% of their paychecks, allowing them to save more money for education and retirement, as well as make investments that will stimulate our economy. Not only will American workers take home their whole paychecks, each registered household will receive a monthly "prebate" check to refund taxes paid on necessities. This combination of sales tax and monthly prebate makes the FairTax the only tax proposal that completely "untaxes" the poor.
The FairTax is revenue neutral. While the American worker has everything to gain under this new system of taxation, the government will lose nothing in federal funding.
The current system of taxation is beyond repair. Compliance is difficult and expensive, often prohibitively so for aspiring small businesses.
This is a function of the income tax itself.
It's high time we abolished the IRS and instituted the National Retail Sales Tax: http://www.fairtax.org/
Move along...
I don't want to get flamed, but being a newbie I don't know the answer...what's "lba geometry"?
I am a Linux newbie and have a similar problem myself. It was installed on a dual-boot system with Windows XP. I originally had FC 1 and then tried to upgrade, and it broke my boot loader. If I can boot up with a CD, how can I fix this? Do you need a rescue CD, or can you use the install CD to boot off of?
Car electrocutes YOU! Ba Dum Dum...
A buddy and I wrote character generators for the TRS-80 also.
Red light stops You!
I don't remember where I read it, but I remember doing some reading on space elevators, and found out that it is much better to have a combination system, where the elevator doesn't actually come allthe way to the ground, but goes from orbit to a spot just inside the atomosphere, where a cargo-plane type vehicle can fly up to it in the atmosphere and dock with it.
This arrangement had all kinds of advatages, not the least of which was being able to use existing airports and having the thing stay inone place as the earth turns, allowing it to be used by various locations around the world.
And it is much cheaper and easier than one that goes all the way to the ground.
Another good news for the Mandrake community is an announce from Mandrakesoft that due to the stock resumed trading on Euronext on last Monday, with a nice increase of +10.00% in three days." Nice editing job!
I invented this business plan:
1. Place giant LASER on moon/giant dridgible.
2. Hold citizens of earth hostage for 1 BILLION dollars.
3. ????
4. PROFIT!
- Dr. Evil
The only problem with your theory is that the original Battlestar Galagtica SUCKED ASS, and the new series is actually cool, whereas Star Trek TNG built on something good and made it better. I think the new Galactica Series is excellent taken on it's own.
I really wanted to come up with a good joke here...but nothing seemed to fit. I guess guys carrying emails on motorcycles is pretty funny all by itself!
How about a Beowolf cluster of these things?
I guess I am an insensitive clod!
Why don't you just add an extra modifier to your view, so intelligent comments are modded up and funny commetns are modded down. If you were so "smart" you would have figured this out already...
I'm a captain, not a singer!
- James Tiberias Kirk
I'm a doctor, not a mechanic!
- McCoy
The Borg have come to assimiliate you. You will become part of our hive mind.
Resistance is futile.
- Locutus
Ye landlubbers will never find me gold, no matter how hard ye search me logs!
I'll keel-haul ye varmits!
-Blackbeard
I don't think that this would be possible, at least for a very long time, because I believe that memories are stored holographically.
In the book, The Holographic Universe, one of the things it explains is how memory might be holographic, which would explain how people who loose big chunks of their brains are able to recover.
I've heard about this invention, and it promises to make the ultimate 4-wheel dive vehicle! I can now take my old Land Cruiser and remove the engine, replace the wheels with these motors, and load the trunk up with batteries!
It also promises to make auto repair much easier...just swap out a wheel.
Can I see you in my office, please? I think we have a few things to discuss....
- Your Pointy Haired Boss
I have to be honest...I saw the story...I had the idea...and karma whoring was definitely in my plan! :-)
What can I say....it's a really slow day at work. :-)