An age-old issue surrounding every election is tax reform. Our current tax structure is ineffective and detrimental, to say the least. It discourages production, penalizes success, and rewards unemployment. Most politicians simply speak in platitudes by generally offering to cut taxes. Former presidential candidate Herman Cain had a plan in mind called 9-9-9. While I didn’t fully agree with his plan, I immediately fell in love with one of the 9’s – a national sales tax. A national sales tax is favorable over a progressive income tax because then, the American people are taxed for spending money, not earning money. However, a national sales tax would only be effective if it completely replaced the federal income tax. State sales taxes are unwavering constants and will continue to be used whether or not a national sales tax or a progressive income tax exists. My biggest problem with Mr. Cain’s plan was that it included both a national sales tax of 9%, and an adjustment of the income tax to 9%. The 16th Amendment of the Constitution allows for the federal government to collect taxes on income. While this is an effective method for collecting money to fund the federal government, it is also damaging the free market economy. The current system is based on progressive ideology straight out of Karl Marx’s Communist Manifesto. Simply put, the more money you earn, the...Read More
Author: Jeffrey Max
With increased awareness of the deterioration of the Social Security system, no one is sure how much longer the program can remain solvent, or at least appear to be solvent. After President Obama enjoyed his $4.1 million worth of taxpayer funded vacations to Hawaii and teed off on the golf course for the 90th time of his three year presidency, he finds himself back in the humble abode that is the White House. With both chambers of Congress recently agreeing to a payroll tax cut extension, they’ve decided that they will continue their fervent efforts to bankrupt the Social Security system. By keeping the individual contributions two percentage points lower for another two months, the Democrats, along with some RINOs, have accomplished yet another small piece of Obama’s regressive agenda. This entire holiday season, the president has championed this tax cut by urging Congress to pass the bill. What he doesn’t want you to know, however, is that this is not really a tax cut, but a reduction in the amount of your earnings that you would contribute to Social Security. What has been touted as a tax cut by the Obama administration is simply a raid of the Social Security fund. By letting American workers continue to keep an extra $19 a week over the next two months, the administration has deprived the Social Security trust fund of roughly...Read More
Since the government takeover of General Motors, the Obama Administration has pumped billions of taxpayer dollars into the failed auto company, in hopes that it will revitalize its green initiatives. Recently, they have doubled down on their efforts to interfere with free market economics by subsidizing the research, design, and sales of Chevrolet’s new electric car, affectionately known as the Volt. The Chevrolet Volt carries a sticker price in excess of $40,000. However, with some nifty Obama subsidies, the price has been brought down into the low $30,000’s. With these tax credits, a Volt purchaser still buys a $40,000 car, but allows the American taxpayer to foot the bill for the remainder of the cost. Failed logic exists in abundance. Let’s just say that I’m going car shopping and I have $40,000 to spend. If I purchase the new, “highly efficient” Chevy Volt, I can look forward to dismal electric-only ranges, a puny 34 MPG gas-only mileage, and a high possibility of spontaneous combustion in the event of a collision. Or…I could buy a brand new BMW 3 Series. One could also argue that this sort of tactic drives business away from American vehicle manufacturers. With that said, the average American, in the current economy, cannot afford a new BMW, so it stands to reason that they shouldn’t be able to afford a Chevy Volt. So what is really going...Read More
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