I am going to use logic and reality here.. There will be no dogma bs that many here live by. So before any Democrats (Liberals) or Republicans (Conservatives) here decide this doesn't make sense.. think outside of the box.


Most here know a Windfall profit tax was used in the early 1980's and it failed to bring in extra taxes or curb profits on the Oil Industry as the Oil Industry is based on consumption. So a Direct Profit tax fails. So that idea should be taken out back and shot like ol' Yeller.

But what hasn't been tried is something I've argued for a while back (a Consumption tax). This would end Income Taxes, but still be a "progressive" tax that Democrats love so much. But at the same time Republicans can be happy due to allows choice (meaning you can choose to consume or not consume more then you need). It would also over haul our flawed tax system.

So with this idea, I am thinking of a 15 to 20% tax on products. Be it bought or sold. This would effect Oil Companies as they buy Oil to produce Gas and so on.

Rich folk would pay more as they usually consume more then poor folk. So it would not be a regressive tax towards the poor as the basics would not be taxed (Food, Medicine, and Housing).. It would not exclude anyone from Property tax as that is a local tax and not Federally done.

But to do this spending has to be kept in check as it relies on the Economy and Consumerism to fuel it. When the Economy slows (like now) the Federal Government would have to slim the budget. Which leads to better spending by the Government as it will require planning. None of this willy nilly crap we've been doing since 1913.

Liberals should like this idea as its a way of "leveling" the playing field.

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"If you are looking for the guilty, you need only look into a mirror"- V

It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office.
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come on you know you wanna play football..

Beagán agus a rá go maith.

Economic Left/Right: 3.75
Social Libertarian/Authoritarian: -2.87

It sounds like you're proposing a simple national sales tax, which sounds reasonable in theory; but you know that the federal government likes to use the carrot of tax breaks or the threat of increased taxation to manipulate behavior. You'd also be taking away a favorite Democrat mantra of making the rich pay more taxes (or accusing the Republicans of tax cuts to favor the rich).

LIBERALS DON'T WANT TO LEVEL THE PLAYING FIELD!!!! They want to push on us something that was never supposed to actually exist in the United States: class warfare. They want the poor and middle class to be jealous of the rich and to resent the rich. They want people to think they're sticking it to the rich to benefit everyone else. They want to perpetuate the union rats' mantra about how business owners are making obscene amounts of money and that they should be forced to share it with the workers.

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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

It is a national sales tax, if we were to do a sales tax I would prefer the fair tax plan to a simple sales tax.

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May your paradise always be green, you liberties always be full, and may the ignorance of you enemies not drive you to be pro-nuke.

"We contend that for a nation to try to tax itself
into prosperity is like a man standing in a bucket and
trying to lift himself up by the handle."-Winston Churchill

Most buy it from themselves they would easily be able to cut the pretend seller out and save money .

other then that concern I would be willing to look in to this. It may be better then the fair tax cult.

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Defeating market theocrats since 2001.

Cult?

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May your paradise always be green, you liberties always be full, and may the ignorance of you enemies not drive you to be pro-nuke.

"We contend that for a nation to try to tax itself
into prosperity is like a man standing in a bucket and
trying to lift himself up by the handle."-Winston Churchill

Actually the fairtax is quite progressive and would help the poor more than any other class.

__________________
May your paradise always be green, you liberties always be full, and may the ignorance of you enemies not drive you to be pro-nuke.

"We contend that for a nation to try to tax itself
into prosperity is like a man standing in a bucket and
trying to lift himself up by the handle."-Winston Churchill

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Defeating market theocrats since 2001.

Oh and if you are going to exempt you will have to have a higher percentage than 15-20% at least to have the same income as the current taxes.

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May your paradise always be green, you liberties always be full, and may the ignorance of you enemies not drive you to be pro-nuke.

"We contend that for a nation to try to tax itself
into prosperity is like a man standing in a bucket and
trying to lift himself up by the handle."-Winston Churchill

I'm going to disagree. If the oil companies have to pay 15-20% on the oil they buy, then privately owned gas stations are going to also be paying another 15-20% (as it is another transaction) to get the gas, and then you at the pump will be paying another 15-20% (yet another transaction), so when it gets to you, you'll be paying 45-60% in taxes. That will devistate the lower and middle class.

The samething will happen to food, and anything else if the government takes taxes at each transaction.

Also, a consumption tax discourages spending, which is what they say drives our economy.

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Set your destination with your heart, get there with your mind.

"The wisest men follow their own direction." - Euripides