Prior to addressing the international implications of the proposed “FAIR TAX”, I ask you for your indulgence and some of your precious time to allow me to bring to your attention the concept of one of the backers of the proposal. I’m referring to Mike Huckabee, ex-governor of the State of Arkansas, for a decade now an aspiring candidate to the presidency of our GREAT NATION. Governor HUCKABEE makes statements of the following nature in support of the FAIR TAX.
· To control spending, I believe the President should have the Line-item veto.
· I believe in free trade, but it has to be fair trade.
· Globalization, done right, done fairly, can be equivalent of a big pay raise by allowing us to buy things more cheaply.
I’d like you to join me at the best “Going out of Business” sale I can imagine one held by the Internal Revenue Service. Am I running for president to shut down the federal government? Not exactly. But I am running to completely eliminate all federal income and payroll taxes. And do I mean all- personal federal, corporate federal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment. All our shopping bags filled with disorganized receipts, all our headaches and heartburn from tax stress will vanish. Instead we will have the FAIR TAX, a simple tax based on wealth. When that FAIR TAX becomes law, it will be like waving a magic wand releasing us from pain and unfairness.
Well Governor Huckabee best of luck in your presidency if elected in LA-LA land.
Can anyone with common sense believe the statements above as possible? The state of Arkansas is the home for WAL-MART; the greatest and most successful retailer in the world. I bet they are in favor of paying taxes.
Now back to the International implications of the proposed FAIR TAX. I cannot see any of the G9+5 (industrialized nations) powers of the world granting Lines of Credit, accepting Commercial papers, or buying the Bonds of this GREAT NATION without a proven tax structure in place. Our public securities especially our bonds attract great interest all over the world, in spite of (LOW/HIGH) interest rates. This is proof of the
Trust which both domestic and international investors place in our economic and social stability.
This GREAT NATION has achieved this success not withstanding the huge financial burden resulting from the IRAQ war and the war on terrorism. This shows that, in spite of all the unsolved problems, our international trade partners do realize that our ability and resolve to honor our public depths is tied to the current TAX structure in place. We need to avoid catastrophic and dangerous changes to our tax structures. “Remember” when we deviate from institutional procedures, it’s very difficult to cope with the resulting crisis.
We need to conserve our freedom, because freedom is the best way to assure a just distribution of global wealth. We know from an economic (economy 101) standpoint that
· To control spending, I believe the President should have the Line-item veto.
· I believe in free trade, but it has to be fair trade.
· Globalization, done right, done fairly, can be equivalent of a big pay raise by allowing us to buy things more cheaply.
I’d like you to join me at the best “Going out of Business” sale I can imagine one held by the Internal Revenue Service. Am I running for president to shut down the federal government? Not exactly. But I am running to completely eliminate all federal income and payroll taxes. And do I mean all- personal federal, corporate federal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment. All our shopping bags filled with disorganized receipts, all our headaches and heartburn from tax stress will vanish. Instead we will have the FAIR TAX, a simple tax based on wealth. When that FAIR TAX becomes law, it will be like waving a magic wand releasing us from pain and unfairness.
Well Governor Huckabee best of luck in your presidency if elected in LA-LA land.
Can anyone with common sense believe the statements above as possible? The state of Arkansas is the home for WAL-MART; the greatest and most successful retailer in the world. I bet they are in favor of paying taxes.
Now back to the International implications of the proposed FAIR TAX. I cannot see any of the G9+5 (industrialized nations) powers of the world granting Lines of Credit, accepting Commercial papers, or buying the Bonds of this GREAT NATION without a proven tax structure in place. Our public securities especially our bonds attract great interest all over the world, in spite of (LOW/HIGH) interest rates. This is proof of the
Trust which both domestic and international investors place in our economic and social stability.
This GREAT NATION has achieved this success not withstanding the huge financial burden resulting from the IRAQ war and the war on terrorism. This shows that, in spite of all the unsolved problems, our international trade partners do realize that our ability and resolve to honor our public depths is tied to the current TAX structure in place. We need to avoid catastrophic and dangerous changes to our tax structures. “Remember” when we deviate from institutional procedures, it’s very difficult to cope with the resulting crisis.
We need to conserve our freedom, because freedom is the best way to assure a just distribution of global wealth. We know from an economic (economy 101) standpoint that
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