Why does tax reform never happen?

Started Nov 16, 2012 | Discussions thread
ForumParentFirstPreviousNextNext unread
Flat view
Airless
Regular MemberPosts: 295Gear list
Like?
Why does tax reform never happen?
Nov 16, 2012

Let's start with some statements most people agree on

1. The IRS is godawful and should die a fiery death in the pit of hell

2. When you tax something, there's less of it. Like income. Less income is bad.

3. Overconsumption in America is a problem. People buy more and spend more on vehicles, personal electronics, clothes, food, gas, energy, etc. than they can optimally benefit from.

4. The existence of entitlements like Medicare and Social Security is currently necessary because too many people haven't saved enough by the time they get old to comfortably retire and to afford private health insurance

I don't think these statements can even be considered controversial, let alone held by less than a majority.

So let's see, how can we address all of these issues?

1. Easy, abolish the IRS.

2. Stop taxing income.

3. Tax consumption, i.e. spending on retail and services. There will be less of it.

4. What do you do with your money if you don't spend it? You save/invest it. Then you don't need entitlements.

So to make it real simple, replace income tax with consumption tax -> people consume less and save more -> people can afford their own retirement and healthcare -> no more need for entitlements!

All you have to do then is cut military spending in half and BOOM, you've got a dominant world-class economy with lots of credit and no debt! How cool is that?

Wait, so how exactly is any of this ever going to happen?

www.fairtax.org

You're welcome.

 Airless's gear list:Airless's gear list
Olympus PEN E-PL5 Olympus M.Zuiko Digital 14-42mm 1:3.5-5.6 II R
ForumParentFirstPreviousNextNext unread
Flat view
Post (hide subjects)Posted by
ForumParentFirstPreviousNextNext unread
Keyboard shortcuts:
FForum PPrevious NNext WNext unread UUpvote SSubscribe RReply QQuote BBookmark post MMy threads
Color scheme? Blue / Yellow