Let's end the national debt. Message Board

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Non-Tech : Let's end the national debt.

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To: Zeev Hed who wrote (6)	7/26/1999 9:46:00 AM
From: Fangorn	Read Replies (1) of 109

Zeev, Your condemnation of a flat or consumption tax conveniently ignores the fact that Forbe's flat tax plan gives a family of four an exemption for the first $34,000 of income (not sure this is the exact number but it is close) and every consumption tax proposal I have heard excludes food, medicine and medical care, some exclude rent, some give refunds to low income earners. Under both the hypothetical $20,000 earner would have little or NO TAX LIABILITY!!! Also, we could tax those making over $200,000 a year at a rate of 100% and it would have little effect on what Joe Sixpack pays because there just aren't that many high earners out there. Taxation should NOT be either a fiscal or monetary tool. It should ONLY be a way to equitably fund the NECESSARY services of government. Just getting rid of the unnecessary, mostly unconstitutional, programs at the federal level would give us a tax cut that would make current "wild-eyed GOP" proposals look positively stingy. Of course that guy on TV selling a book about how to get grants for all sorts of stuff would have to find something else to do.

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