Atlanta Journal-Constitution reports: Biden wastes no time attacking GOP FairTax plan

[johnwk]

Here is the latest fluff article on the alleged FairTax, compliments of our lazy and useless print media.

Opinion: Biden wastes no time attacking GOP FairTax plan (ajc.com)

1/19/2023

“The most interesting development was how the White House wasted no time ridiculing the FairTax, trying to make it a political millstone around the neck of every GOP lawmaker.

“It would raise taxes on the middle class by taxing thousands of everyday items from groceries to gas, while cutting taxes for the wealthiest Americans,” said President Biden, who issued a veto threat.”

It’s not that Biden is worried about the FairTax becoming law. Instead, this was more of an easy opportunity to accuse Republicans of raising taxes on working Americans.”
Click to expand...

So, as is usual, we find a journalist is more interested in irrelevant political partisan nonsense than actually reporting on the fraudulent and deceptive nature of the FairTax proposal, which has “deep Georgia roots” as pointed out in The Atlanta Journal-Constitution article by Jamie Dupree, author of the article.

Wouldn’t it be more productive to report what the alleged FairTax would and wouldn’t do? For example, the FairTax:

creates an entirely new tax, a 23 percent tax on articles of consumption, and on “taxable property”;

creates two new tax collecting agencies, an “Excise Tax Bureau” and the “Sales Tax Bureau", in addition to keeping the Bureau of Alcohol, Tobacco and Firearms alive, which will also be collecting taxes.

Imposes the new 23% “FairTax” on American citizens and businesses while Congress’ power to lay and collect taxes on “incomes” remains fully intact;

requires taxpayers to file Fair Tax returns twelve times a year;

requires ordinary working people to register with government in order to exercise a fundamental right of mankind . . . selling the property each has in their own labor;

requires ordinary people to become tax collectors for government;

requires taxpayers to keep whatever records Congress may dream up;

allows Congress to lay and collect countless “excise taxes” which members of Congress may dream up, and are calculated from profits, gains and other incomes;

and creates a new entitlement, the “Family Consumption Allowance” [a monthly government check sent to every “qualified family” in the U.S.] that would become another political partisan wedge-issue used during election time to buy votes.

Why on earth would any politician, regardless of their political party affiliation, support this rope-a-dope proposal which enlarges and strengthens the federal government’s iron taxing grip around their constituents’ necks?

And why does our popular media, including The Atlanta Journal-Constitution, totally ignore the FairTax counter proposal ___ the Fair Share Balanced Budget Amendment___ which would return us to our Constitution’s original tax plan, as our founders intended it to operate, and would impose needed and necessary restraints upon Congress’ current suicidal taxing, spending and borrowing activities?

JWK

When Federal Reserve Notes were made a legal tender in violation of our Constitution, and a direct un-apportioned tax was imposed upon the people without their consent, America’s free enterprise, free market system was subjugated, and the tools of oppression were made available to some very immoral and nefariously evil people.

 

[occupied]

Every "fair tax" proposal I've ever heard of is an attempt to shift the tax burden downward. Existing excise taxes already do this at the state level where sales taxes, sin taxes, local income taxes and fees fund the bulk of revenue. A significant portion of working class incomes goes to these taxes and fees while the rich barely notice them.

 

[johnwk]

Every "fair tax" proposal I've ever heard of is an attempt to shift the tax burden downward. Existing excise taxes already do this at the state level where sales taxes, sin taxes, local income taxes and fees fund the bulk of revenue. A significant portion of working class incomes goes to these taxes and fees while the rich barely notice them.

Are you familiar with the “Omnibus Budget Reconciliation Act of 1990” laying a specific amount of tax on a number of specifically chosen articles considered to be luxury, which is in harmony with taxing consumption our Founders' way?


PART III--TAXES ON LUXURY ITEMS
SEC. 11221. TAXES ON LUXURY ITEMS.

“`SEC. 4001. PASSENGER VEHICLES.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any passenger vehicle a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $30,000.

`SEC. 4002. BOATS.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any boat a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $100,000.

`SEC. 4003. AIRCRAFT.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any aircraft a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $250,000.

`SEC. 4006. JEWELRY.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any jewelry a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $10,000.

`SEC. 4007. FURS.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any furs a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $10,000

As Hamilton points out with respect to taxing consumption, See Federalist No. 21:

There is no method of steering clear of this inconvenience, but by authorizing the national government to raise its own revenues in its own way. Imposts, excises, and, in general, all duties upon articles of consumption, may be compared to a fluid, which will, in time, find its level with the means of paying them. The amount to be contributed by each citizen will in a degree be at his own option, and can be regulated by an attention to his resources. The rich may be extravagant, the poor can be frugal; and private oppression may always be avoided by a judicious selection of objects proper for such impositions.


JWK

 

[occupied]

Are you familiar with the “Omnibus Budget Reconciliation Act of 1990” laying a specific amount of tax on a number of specifically chosen articles considered to be luxury, which is in harmony with taxing consumption our Founders' way?


PART III--TAXES ON LUXURY ITEMS
SEC. 11221. TAXES ON LUXURY ITEMS.

“`SEC. 4001. PASSENGER VEHICLES.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any passenger vehicle a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $30,000.

`SEC. 4002. BOATS.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any boat a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $100,000.

`SEC. 4003. AIRCRAFT.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any aircraft a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $250,000.

`SEC. 4006. JEWELRY.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any jewelry a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $10,000.

`SEC. 4007. FURS.

`(a) IMPOSITION OF TAX- There is hereby imposed on the 1st retail sale of any furs a tax equal to 10 percent of the price for which so sold to the extent such price exceeds $10,000

As Hamilton points out with respect to taxing consumption, See Federalist No. 21:

There is no method of steering clear of this inconvenience, but by authorizing the national government to raise its own revenues in its own way. Imposts, excises, and, in general, all duties upon articles of consumption, may be compared to a fluid, which will, in time, find its level with the means of paying them. The amount to be contributed by each citizen will in a degree be at his own option, and can be regulated by an attention to his resources. The rich may be extravagant, the poor can be frugal; and private oppression may always be avoided by a judicious selection of objects proper for such impositions.


JWK

Rich people found a way around this by leasing everything.

 

[Silent Warrior]

Every "fair tax" proposal I've ever heard of is an attempt to shift the tax burden downward. Existing excise taxes already do this at the state level where sales taxes, sin taxes, local income taxes and fees fund the bulk of revenue. A significant portion of working class incomes goes to these taxes and fees while the rich barely notice them.

The fair tax is just as bad as what we have now, just a different way of milking the citizens for the enrichment of the political class. While what you are saying is somewhat true, the working class always pays the lions share even under the current system. Raise corporate taxes, they raise prices to maintain profits so the consumer pays the tax. Tax the rich, they change direction and target of their investments and the consumer pays the tax. The fair tax would simply call the tax a sow's ear instead of a silk purse as the current tax structure does.

 

[johnwk]

Rich people found a way around this by leasing everything.

Do you have a link? I don't recall people doing that, but I do recall the tax being repealed because of the outrageous 10% tax imposed.

The marketplace responded to the outrageous 10% tax, People refused to purchase the articles selected; the affected industries began to feel the consequences and the marketplace rejection of the tax led to its immediate repeal! See:1991 legislation to repeal the luxury excise tax on boats. Had the tax been 1 or 2 percent I suspect the impact on the purchase of the listed articles and industries affected would not have been disastrous and revenue would have been collected!

In this case, Hamilton’s prediction in the Federalist Papers is shown to have merit! Hamilton stresses in Federalist No 21 regarding taxes on articles of consumption:


It is a signal advantage of taxes on articles of consumption that they contain in their own nature a security against excess. They prescribe their own limit; which cannot be exceeded without defeating the end proposed, that is, an extension of the revenue. When applied to this object, the saying is as just as it is witty, that, "in political arithmetic, two and two do not always make four.'' If duties are too high, they lessen the consumption; the collection is eluded; and the product to the treasury is not so great as when they are confined within proper and moderate bounds. This forms a complete barrier against any material oppression of the citizens by taxes of this class, and is itself a natural limitation of the power of imposing them.”
JWK

“Until you realize how easy it is for your mind to be manipulated, you remain the puppet of someone else’s game.” ― Evita Ochel

 

[johnwk]

The fair tax is just as bad as what we have now, just a different way of milking the citizens for the enrichment of the political class. While what you are saying is somewhat true, the working class always pays the lions share even under the current system. Raise corporate taxes, they raise prices to maintain profits so the consumer pays the tax. Tax the rich, they change direction and target of their investments and the consumer pays the tax. The fair tax would simply call the tax a sow's ear instead of a silk purse as the current tax structure does.

Actually, the FairTax Act is worse than what we now have considering it adds a 23% tax on consumption and "taxable property", while keeping alive Congress' power to lay and collect taxes calculated from profits, gains, and other "incomes".

JWK

 

[Dont Taz Me Bro]

Actually, the FairTax Act is worse than what we now have considering it adds a 23% tax on consumption and "taxable property", while keeping alive Congress' power to lay and collect taxes calculated from profits, gains, and other "incomes".

JWK

The way it had always been explained to me is that even with the 23% sales tax the prices of goods and services would stay relatively the same because of the elimination of taxes added to the cost of every step of production.

 

[johnwk]

The way it had always been explained to me is that even with the 23% sales tax the prices of goods and services would stay relatively the same because of the elimination of taxes added to the cost of every step of production.

Keep in mind the alleged fair tax does not eliminate excise taxes calculated from profits, gains and other "incomes" as was done under the Corporate Excise Tax of 1909 and was upheld by the Supreme Court in Flint v. Stone Tracy Co., 220 U.S. 107 (1911) in which the Supreme Court confirmed Congress had power to lay and collect a tax calculated from profits and gains (income) without having to apportion the tax.

JWK

 

[basquebromance]

Republicans screw the little guy and do nothing to impede the rich guy

 

[gipper]

Now watch the D Party support it.

 

[Muhammed]

Republicans screw the little guy and do nothing to impede the rich guy

How did you come to that stupid conclusion, dumbass?

 

[pknopp]

Discussed in a long thread yesterday.

 

[toobfreak]

How did you come to that stupid conclusion, dumbass?

Because the dummass believes everything "Honest Injun" Liz Warren tells him.

 

[Care4all]

Now watch the D Party support it.

I'll bet ya, they don't!

 

[Care4all]

How did you come to that stupid conclusion, dumbass?

How do you not?

 

[gipper]

I'll bet ya, they don't!

Lol. Why would you think that when they‘ve supported so much corporatist bs?

I guess if Biden (a well known corporatist) were to propose this, they’d be fully onboard.

 

[Moonglow]

I love these inflation-fighting ideas the GOP House has-as soon as they find one they may propose it, so far we have the whacko party extremist butt-kissing Trump.

 

[Care4all]

Lol. Why would you think that when they‘ve supported so much corporatist bs?

I guess if Biden (a well known corporatist) were to propose this, they’d be fully onboard.

No they wouldn't, and Biden would never suggest it....


A gentleman's bet!

 

[Muhammed]

I love these inflation-fighting ideas the GOP House has-as soon as they find one they may propose it, so far we have the whacko party extremist butt-kissing Trump.

Your TDS is showing again.