Americans are feeling pain at the pump greater than ever before. Politicians are seizing this opportunity to suggest nonsensical solutions such as reducing the gas tax by penalizing the oil industry for benefiting from the very thing they do…sell gas! How ridiculous!!!
If you want long-term relief from rising fuel costs and food costs, tell the government to let you keep more of the money you actually earn! Just imagine how you would feel if you earned $1000 in a week and received a $1000 paycheck? That would certainly help cope with the ever rising cost of filling up.
How is that possible? The Fair Tax. Before your eye glaze over and you begin shaking your head as if to say "here we go again", let me explain a few truths. Our system of taxation has made it impossible for businesses maximize profits and offer competitive wages and benefits. The United States has the highest corporate tax of any industrialized nation at 40% and the affect of that can be seen in the growing trend toward outsourcing.
Here is an abridged version of the Fair Tax and its benefits:
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Abolish the IRS (Saves over 10 billion per year)
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Removes all embedded taxes (25%)
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Monthly stipends for food expenses
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Adds a national value added tax of 25%
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No inheritance taxes, ad valorum, or capital gains
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Receive every dime of your paycheck
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Bring jobs back to the United States
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The underground economies pays their fair share
Of course there are far more details than I have listed here and you can read them all at www.fairtax.org, but for our purposes I wanted to highlight why the Fair Tax is a better solution.
Of the benefits listed, the most pressing reason for the change is "Brings jobs back to the United States". By removing the corporate taxes, several things happen;
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Companies will be able to invest more money in technology and innovation, which not only produces a better product, but in most cases lowers the price.
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Employers will be able to indentify "best practices" and pay higher wages to employees who embrace those practices.
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Foreign businesses, whose corporate tax average 28%, will relocate to the U.S., create partnership with U.S. firms, or expand into a multinational organization. Either of which means more jobs!!
As you can see, the solution to many of our country’s problem are cured with the implementation of the Fair Tax. So why hasn’t it happened? One word….Power! Making the Fair Tax law would remove all of the leverage of the Washington Lobbyist, who mainly lobby for tax favors, and special interest groups who exchange votes for favorable subsidies and tax breaks.
Secondly, the amount of savings that would be generated from eliminating the IRS and its related expenses, coupled with the increase in empowerment of the American people, would certainly start calls of downsizing the government. While this is welcomed by one political party, the other bases its very existence on dependence and their ability to make decisions for you. Afterall, you aren’t smart enough to figure things out for yourselves….right?
Finally, take the time to look at what the real problems are and don’t let politicians tell you how they are going to solve your problems. Choose a path that allows you to make decisions for you and your family. Have the resolve to make tough decisions and take a stand for the freedom our founding fathers and many others fought for…..in other words, its time to Man Up!!