Right about what? I read the article, what was Paul supposedly right about? [/quote]
From the article:
Could America exist without an income tax? The idea seems radical, yet in truth America did just fine without a federal income tax for the first 126 years of its history. Prior to 1913, the government operated with revenues raised through tariffs, excise taxes and property taxes, without ever touching a worker's paycheck.
America in 1913? There were no social support systems. No SS. If you were lucky enough to live beyond working age, and didn't have your own savings, you begged. If you were disabled you begged. If you lost your job your family was on the street. People worked 14 hour days and so did kids. There was no workplace safety rules, when you had was chopped off too bad.
And let's throw up some tarrifs and start some trade wars while we are at it. That'll be good for the economy. And how about the gold standard he wants? The Govt would probably have to be raising interest rates to maintain the standard now. That also would be great for the economy, eh?
That's Paul's utopia? No thanks. Yeah if you were among the rich it was good. Always is.
The harmful effects of the income tax are obvious. First and foremost, it has enabled government to expand far beyond its proper constitutional limits, regulating virtually every aspect of our lives. It has given government a claim on our lives and work, destroying our privacy in the process.
The US has since 1913 had in general wonderful economic growth, we've become the world's powerhouse and policeman, won two world wars, and created a society in which the disabled, elderly and temporarily out of luck don't have to live under freeways. We are by far the economically strongest nation on earth, miliarily strongest nation on earth, and with a per capita income among the highest on earth.
Not perfect, but pretty damned good performance America.
And all that despite an income tax that according to Paul has "obvious" harmful effects.
Like what, Mr. Paul?
It takes billions of dollars out of the legitimate private economy, with most Americans giving more than a third of everything they make to the federal government. This economic drain destroys jobs and penalizes productive behavior.
Until the mortgage meltdown, we had 4-5% unemployment, historically low and just about as low as it can get. In the 90s, the economy created 22 million jobs. Even with higher tax rates.
So how much better do you say employment could have been, Mr. Paul?
The ridiculous complexity of the tax laws makes compliance a nightmare for both individuals and businesses.
No that I can agree with. Obama has just recently assigned a commission headed by Warren Buffet to overhaul the tax code, so that is being addressed.
Is it impossible to end the income tax? I don't believe so. In fact, I believe a serious groundswell movement of disaffected taxpayers is growing in this country. Millions of Americans are fed up with the current tax system, and they will bring pressure on Congress.
I can see why really wealthy folks, trust fund babies, and others who'd like to keep more of their assets would support Paul and eliminate income tax at the expense of destroying the safety nets we have in society. But that is why his popularity never exceeded 10% and was usually in the low single digits.
Good luck tho.