Simple Relief
"Live simply, so that others may simply live", and "simple ways of the past" are a couple of lines that most people would not object to. The most popular songs tend to be the ones with the simplest melodies. The most successfull politicians are the ones with the simplest message. And we all love simplicity in our lives. When things get too complex, we start to freak out! One has to wonder when, as a collective society, we will begin to freak out over the complexity of our tax system?
Making it's way through congress right now is something called the "Hurricane Katrina Tax Relief Act of 2005". And typical D.C. fashion, it is very complex and comprehensive. Here is a plain english version of the highlights of the legislation. The whole thing is filled with targeted incentives and relaxed rules. They are attempting to make life easier for those who have managed to survive the storm. Well, that sure is nice of Congress to want to do that. And all of the items in the relief act seem to make sense to some extent. But wouldn't it be better if the whole complex tax system of targeted rules and incentives was scrapped for a much simpler tax system that already had all the proper incentives built right in to it?
In the past presidential election cycles, talk of getting rid of the IRS and replacing it with a simple flat tax has gotten some media air time. And the sluggish European economies are taking a second look at that proposal. But my favorite plan is known as the FairTax.
With either proposal, two things are abudandtly clear. One thing is that there would be no need for the government to ease any rules or grant any extensions, as there would be no requirements to follow any rules or deadlines in the first place (especially w/ the FairTax plan)! The whole role of the IRS in our lives would completely disappear! The second thing made clear is that the economy would take off like a rocket all on its own, with no credit going to any politician. My suspicious mind thinks that is a major hurdle right there, no politician will be able to continually make political hay out of manipulating the tax code.
But those two things are very revealing about the opponents to such reforms. Those opponents are almost always left-wing socialists who neither like unfettered economic growth or an un-controlled society. Somehow they think if society is not controlled, it will do something dumb - from their perspective. So naturally they will fight tooth and nail to prevent any measure from passing. But what they also do is clearly identify themselves as opposed to every thing we as individuals really want. Namely better business and job opportunities and zero tax problems. (It will interesting to listen to them make a case for an oppressive tax agency as these ideas gain popularity.)
Both the FairTax or a flat tax plan would accomplish those goals...in spades! The statistical data is now starting to be compiled to prove that capitalistic ideas such as these are far superior to collectivist policies of the left. I will continue to post here items I find regarding this subject.
As citizens I believe it is our duty to provoke our politicians to get their heads out of the sand and reform our tax system even to the point of abolishing the IRS. Something must be done and soon. The FairTax is in congress now too, it needs our support!
Making it's way through congress right now is something called the "Hurricane Katrina Tax Relief Act of 2005". And typical D.C. fashion, it is very complex and comprehensive. Here is a plain english version of the highlights of the legislation. The whole thing is filled with targeted incentives and relaxed rules. They are attempting to make life easier for those who have managed to survive the storm. Well, that sure is nice of Congress to want to do that. And all of the items in the relief act seem to make sense to some extent. But wouldn't it be better if the whole complex tax system of targeted rules and incentives was scrapped for a much simpler tax system that already had all the proper incentives built right in to it?
In the past presidential election cycles, talk of getting rid of the IRS and replacing it with a simple flat tax has gotten some media air time. And the sluggish European economies are taking a second look at that proposal. But my favorite plan is known as the FairTax.
With either proposal, two things are abudandtly clear. One thing is that there would be no need for the government to ease any rules or grant any extensions, as there would be no requirements to follow any rules or deadlines in the first place (especially w/ the FairTax plan)! The whole role of the IRS in our lives would completely disappear! The second thing made clear is that the economy would take off like a rocket all on its own, with no credit going to any politician. My suspicious mind thinks that is a major hurdle right there, no politician will be able to continually make political hay out of manipulating the tax code.
But those two things are very revealing about the opponents to such reforms. Those opponents are almost always left-wing socialists who neither like unfettered economic growth or an un-controlled society. Somehow they think if society is not controlled, it will do something dumb - from their perspective. So naturally they will fight tooth and nail to prevent any measure from passing. But what they also do is clearly identify themselves as opposed to every thing we as individuals really want. Namely better business and job opportunities and zero tax problems. (It will interesting to listen to them make a case for an oppressive tax agency as these ideas gain popularity.)
Both the FairTax or a flat tax plan would accomplish those goals...in spades! The statistical data is now starting to be compiled to prove that capitalistic ideas such as these are far superior to collectivist policies of the left. I will continue to post here items I find regarding this subject.
As citizens I believe it is our duty to provoke our politicians to get their heads out of the sand and reform our tax system even to the point of abolishing the IRS. Something must be done and soon. The FairTax is in congress now too, it needs our support!
posted by Rockin Rod at 7:20 AM
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