Posted by
SoCal FairTax on Thursday, November 06, 2008 4:44:41 PM
Some friends and I were e-mailing about the election so I wrote what appears below. I then received an e-mail from the cafairtax yahoo group that www.change.gov was interested in grassroots ideas to change our gov so I cut/paste it to them as well... One can hope, right?
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Obama didn’t get my vote (I held my nose and voted McCain) but I hope he is a successful president. It would be very easy for Washington to throw our economy into a complete tailspin. The Republicans failed us by growing government. Unfortunately, growing the government is the 100-year trend and the newly elected party in power runs on a BIG GOVERNMENT platform which is a big concern.
It would be nice if our representatives in Washington understood that making the business environment friendlier for small/mid-sized business would bring more jobs and greater prosperity to all in our lands. What we continue to get, however, is more altering of free markets which means more taxes and burden (healthcare) pushed onto (evil) “employers”. The sad result is higher costs for those who employ American workers. Companies must hire off-shore manufacturing, software development, customer service centers, etc. in order to compete and survive. Heck, if it were feasible to build houses in Asia and have them dropped on residential lots here in the U.S. our construction industry would move overseas as well in order to avoid high U.S. labor tax and compliance burden. So, in standing up for the American worker our government is actually screwing us royally.
The smoke and mirrors are amazing… Tax breaks for 95% of American workers… What a joke. So, increase taxes on companies… Tax those windfall oil profits… Result… the American worker pays for it at the pump (point-of-sale) and doesn’t even know it. Same with taxing Walmart and any other big business. Corporations don’t pay taxes. Consumers do.
I am still very passionate about the FairTax. It is probably our greatest hope.
· Strip out all taxes on corporate profits and all taxes on employment (payroll taxes) and U.S. made products/services all of a sudden become competitive at the point of sale (at home and abroad).
· Eliminate $500b annually of tax compliance BS which lowers costs of doing business further.
· Eliminate all taxes on investment (Capital Gains taxes) and we invite $12trillion of wealth parked offshore back to invest in the U.S.
· And so much more…
My little girl is one year old today… Life goes on…
Cheers,