The Crackpot FairTax Trade
I’m Calling You Out, Neal Boortz
by Jim Cox
Boortz and his FairTax brigade tell us we can trade the entire Income
Tax for the fair, beneficial, and simple FairTax. But, the FairTax
proposal can be passed by a simple majority of both houses of Congress
plus the President's signature, while the much-touted repeal of
the 16th Amendment, which authorizes the income tax, requires a
much more demanding 2/3 vote in each house and then approval by
¾ of state legislatures. So, the likelihood of ending up with both
the 23% federal tax (which is actually 30% the way everyone except
FairTaxers calculate sales taxes) and the current income tax is
one should trust politicians (Neal actually says he doesn’t!). Just
because a bill reads one way when it is looking for sponsors doesn't
mean it will read the same once its worked its way through committee
and the entire House and then the Senate and the conference committee
and the regulations to be written after becoming law. (Neal thinks
we should be grateful that the enforcement agency writing the regulations
to implement and collect the tax will go by some name other than
"Internal Revenue Service.")
of who will be involved in all of this: the Ted Kennedys, Harry
Reids, Chuck Schumers, as well as a bunch of Republicans who are
on the biggest spending spree since LBJ and the saviors of America
who were elected with the Contract with America and then couldn't
even kill off the National Endowment for the Arts!
my dealings with FairTax enthusiasts I've challenged them (and I'm
asking readers here as well) to give me a (some) meaningful example(s)
of politicians trading away some power for a new taxing authority.
So far, no examples.
have repeatedly sent this point to The TalkMaster by email, snail
mail, and at my Amazon
review. Neal regularly responds to dissenters on
the air and at his website,
but NEVER to this basic point or to my other three. So, I’m calling
you out, Neal Boortz. Answer the very serious concern about trading
power to politicians. Do it here for the very popular LewRockwell.com
website where you can reach so many politically aware readers. Do
it here where your allies on seemingly all other economic issues
the minimum wage law, government schools, tax cuts, eminent
domain, business regulation, socialism, price controls, etc., etc.
can be won over. Do it here so the prolific writers at this
website can be enlisted in your great cause. Do it here to enlighten
the economic writers you repeatedly and properly recommend, such
Williams and Harry
Browne, so they can shed their mistaken views on the FairTax.
We’re eagerly awaiting you, Neal.
Cox is an Associate Professor of Economics at the Lawrenceville
Campus of Georgia Perimeter College and author of Minimum
Wage, Maximum Damage.
© 2005 LewRockwell.com