Dear Mr. Limbaugh;
Today was the first time I've ever heard your radio show and I am shocked -- shocked, I say --and disappointed in you. In your answer to the FairTax question it was painfully obvious that you did not know what you were talking about. How often is that true? How are you different from CBS, Newsweek or the NY Times?
Here it is in a nutshell: The FairTax proposal is the only one extant that was developed by top-notch American economists (Harvard, MIT, Rice, Stanford and more) over a decade of study, taking into consideration not only the national economy but the will of the American taxpayer. It is NOT a Value Added tax or a flat tax. It is the only proposal that repeals the current income tax, social security tax, employment taxes and corporate taxes, among others and yet funds the government at present levels.
By removing Federal taxes it lowers retail prices by the 20% to 30% manufacturers and retailers now add to prices of goods to pay their taxes.
The FairTax gives every American 100% of his or her pay- or pension check. Each American with a social security card receives a monthly stipend to assure that s/he does not pay tax on necessities up to the poverty level; thus the poor pay no tax and the wealthy pay their share. (The wealthy buy more expensive things than the rest of us.)
The FairTax is on new goods and services only and the price of those goods and services stays approximately the same because of the removal of the aforementioned embedded taxes. It is not assessed on charitable gifts or contributions. There are no exemptions or so-called "incentives" in the FairTax, or it would not be fair!
The FairTax is a progressive tax that expands the tax base and fertilizes the economy. Because we pay only when we buy, the wealthy pay more (since they tend to buy couture dresses instead of Target specials, limousines and Jaguars instead of Toyotas and Hondas, two or three mansions instead of a small house in the suburbs, etc.) and since people who can afford it prefer quality to economy and half the fun of having money is showing off, it's highly unlikely that they will change. Heck, if they wanted to save money, they could by buying second hand now!
The FairTax brings the $350 BILLION the IRS says it loses to tax evaders annually (that's $2,000 extra each of us pays to make up for the slackers) into the economy, along with the 6 TRILLION dollar criminal, drug and porn dealer underground economies. Illegal immigrants and 40 million foreign tourists annually will pay into the tax base. The FairTax makes the USA the only country in the world that does not tax productivity -- opening us up to foreign investment as well as bringing home those outsourced jobs.
The biggest argument against the FairTax is that people believe Congress will never support and it would take too long to repeal the 16th Amendment. Congress will act if their constituents demand it of them -- remember the suffragettes? (Well, we're too young, but we've heard of them.) Congress also passed prohibition, then repealed it.
As for the 16th, it doesn't need to be repealed until after the FairTax is passed. It speaks only to the apportionment of taxes; once the income tax and the tax code are gone, the 16th will be easy. Remember when Congress decided to lower the voting age to 18? (We ARE old enough to remember that one!) They got that ratified in 8 months. It CAN be done and you, too, can decide how to spend, save or invest ALL of your income.
Call me if you'd like to talk about it (after next Tuesday, the 15th -- I'm busy till then).
Sincerely,
Sunnye Tiedemann
(Mrs. Herbert Allen Tiedemann, Sr.)
No comments:
Post a Comment