Marcus
Dedicated LVC Member
I assume you're aware of this already, but Bob Barr is running for the Libertarian party's candidacy:
http://www.bobbarr2008.com/
I've actually grown to have a lot of respect for Bob Barr, although his stance on the war on drugs and some other social issues is sometimes inconsistent with libertarian thought.
His views on civil liberties are clear and correct, and I support them without question. There are other issues I agree with him on, or at least don't have a big problem with.
But I don't think I can get on board his "Fair Tax" plan, unless someone can demonstrate to me that it won't shift a huge amount of the tax burden towards the poor and middle classes, or offer up creative ways for the super-wealthy to get around paying taxes at all.
The only truly fair tax in my mind is one where every monetary transaction is subject to tax, not just the sale of NEW items. For example, the Fair Tax, as I understand it, only applies to personal purchases of new goods. Business expenditures would be exempt from any taxes. So what keeps a corporation from buying a fleet of cars and then selling them as "used" to its top executives, thus bypassing any taxes? If someone can clear this up for me I'm happy to listen. It's just that I see a lot of room for an "underground" economy popping up with this plan, and it wouldn't just be restricted to the wealthy. Everybody would be motivated to come up with creative ways to label items as "used", thus shifting even more of the tax burden onto those who actually play by the rules.
Finally, while I'm all for getting government out of people's lives, history has shown again and again that we can't always count on big business to regulate itself honestly. I'm not talking about issues of "fairness", I'm talking about fraud and corruption along the lines of Enron, or issues of endangering people's lives like dumping toxic substances into rivers and streams which work their way into people's drinking water. I know you're a big Ayn Rand fan Fossten, but the noble characters of Atlas Shrugged like Hank Rearden and John Galt just don't exist in the real world, or if they do, they're the exception rather than the rule. If they did exist, government regulation wouldn't be necessary. If libertarians would recognize these realities instead of zealously clinging to the utopian myth of (absolute) "free markets", I'd be more inclined to jump aboard.
I realize that this is post is kind of all over the place as far as topics go, but I figured I'd get something going.
http://www.bobbarr2008.com/
I've actually grown to have a lot of respect for Bob Barr, although his stance on the war on drugs and some other social issues is sometimes inconsistent with libertarian thought.
His views on civil liberties are clear and correct, and I support them without question. There are other issues I agree with him on, or at least don't have a big problem with.
But I don't think I can get on board his "Fair Tax" plan, unless someone can demonstrate to me that it won't shift a huge amount of the tax burden towards the poor and middle classes, or offer up creative ways for the super-wealthy to get around paying taxes at all.
The only truly fair tax in my mind is one where every monetary transaction is subject to tax, not just the sale of NEW items. For example, the Fair Tax, as I understand it, only applies to personal purchases of new goods. Business expenditures would be exempt from any taxes. So what keeps a corporation from buying a fleet of cars and then selling them as "used" to its top executives, thus bypassing any taxes? If someone can clear this up for me I'm happy to listen. It's just that I see a lot of room for an "underground" economy popping up with this plan, and it wouldn't just be restricted to the wealthy. Everybody would be motivated to come up with creative ways to label items as "used", thus shifting even more of the tax burden onto those who actually play by the rules.
Finally, while I'm all for getting government out of people's lives, history has shown again and again that we can't always count on big business to regulate itself honestly. I'm not talking about issues of "fairness", I'm talking about fraud and corruption along the lines of Enron, or issues of endangering people's lives like dumping toxic substances into rivers and streams which work their way into people's drinking water. I know you're a big Ayn Rand fan Fossten, but the noble characters of Atlas Shrugged like Hank Rearden and John Galt just don't exist in the real world, or if they do, they're the exception rather than the rule. If they did exist, government regulation wouldn't be necessary. If libertarians would recognize these realities instead of zealously clinging to the utopian myth of (absolute) "free markets", I'd be more inclined to jump aboard.
I realize that this is post is kind of all over the place as far as topics go, but I figured I'd get something going.