Political Forums  

Go Back   Defending The Truth Political Forum > Political Forum > Current Events

Current Events Current Events Forum - Latest political news and events


Reply
 
LinkBack Thread Tools Display Modes
Old August 13th, 2015, 03:23 PM   #1
Senior Member
 
Join Date: Jul 2015
Location: USA
Posts: 1,884
Trump to seek tax advice from Laffer and Steve Forbes?

SEE: Is Donald Trump serious about tax reform?

If Donald Trump seeks the advice of Art Laffer and Steve Forbes, and does so without someone to represent the brilliance and wisdom our Founding Father’s original tax plan, which is now promoted as “The Fair Share Balanced Budget Amendment”, he will be drawn into supporting another version of our existing socialist federal tax on profits, gains, salaries and other incomes, and it will keep alive all the sufferings and miseries which are connected with this patently evil tax.

If Donald Trump wants to "simplify" our current tax system, he should then consider The Fair Share Balanced Budget Amendment which begins with the following 32 words:


The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.



JWK



“Honest money and honest taxation, the Key to America’s future Prosperity“
___ from “Prosperity Restored by the State Rate Tax Plan”, no longer in print.
johnwk is offline  
Old August 14th, 2015, 05:36 AM   #2
Senior Member
 
Join Date: Jul 2015
Location: USA
Posts: 1,884
The Fair Share Balanced Budget Amendment

The problem with Trump's choice if it is Laffer and Forbes is, neither of these two promote a system of federal taxation which would actually encourage and compel Congress to follow sound fiscal policies. What these two promote is how to confiscate the wealth which America's labor and business has created in a more efficient manner. By contrast, our founders adopted a system of taxation with specific prohibitions placed upon our federal government to not only protect us from a variety of abuses we now suffer, but their plan actually encouraged Congress to adopt fiscal policies to encourage a strong and vibrant economy which in turn would yield a productive revenue for government. Let us take a look at "The Fair Share Balanced Budget Amendment" which promotes a return to our Founder's original tax plan:

The Fair Share Balanced Budget Amendment

“SECTION 1. The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.


NOTE: these words would return us to our founding father’s ORIGINAL TAX PLAN as they intended it to operate! They would also end the experiment with allowing Congress to lay and collect taxes calculated from lawfully earned "incomes" which now oppresses America‘s economic engine and robs the bread which working people have earned when selling their labor!

"SECTION 2. Congress ought not raise money by borrowing, but when the money arising from imposts duties and excise taxes are insufficient to meet the public exigencies, and Congress has raised money by borrowing during the course of a fiscal year, Congress shall then lay a direct tax at the beginning of the next fiscal year for an amount sufficient to extinguish the preceding fiscal year's deficit, and apply the revenue so raised to extinguishing said deficit."

NOTE: Congress is to raise its primary revenue from imposts and duties, [taxes at our water’s edge], and may also lay miscellaneous internal excise taxes on specifically chosen articles of consumption. But if Congress borrows and spends more than is brought in from imposts, duties and miscellaneous excise taxes during the course of a fiscal year, then, and only then, is the apportioned tax to be laid.

"SECTION 3. When Congress is required to lay a direct tax in accordance with Section 1 of this Article, the Secretary of the United States Treasury shall, in a timely manner, calculate each State's apportioned share of the total sum being raised by dividing its total population size by the total population of the united states and multiplying that figure by the total being raised by Congress, and then provide the various State Congressional Delegations with a Bill notifying their State’s Executive and Legislature of its share of the total tax being collected and a final date by which said tax shall be paid into the United States Treasury."

NOTE: our founder’s fair share formula to extinguish an annual deficit would be:

States’ population
---------------------------- X SUM TO BE RAISED = STATE’S FAIR SHARE
Total U.S. Population

The above formula, as intended by our founding fathers, is to insure that those states who contribute the lion’s share of the tax are guaranteed a representation in Congress proportionately equal to their contribution, i.e., representation with proportional financial obligation!

Note also that each State’s number or Representatives, under our Constitution is determined by the rule of apportionment:

State`s Pop.
------------------- X House size (435) = State`s No. of Representatives
U.S. Pop.


"SECTION 4. Each State shall be free to assume and pay its quota of the direct tax into the United States Treasury by a final date set by Congress, but if any State shall refuse or neglect to pay its quota, then Congress shall send forth its officers to assess and levy such State's proportion against the real property within the State with interest thereon at the rate of ((?)) per cent per annum, and against the individual owners of the taxable property. Provision shall be made for a 15% discount for those States paying their share by ((?))of the fiscal year in which the tax is laid, and a 10% discount for States paying by the final date set by Congress, such discount being to defray the States' cost of collection."

NOTE: This section respects the Tenth Amendment and allows each state to raise its share in its own chosen way in a time period set by Congress, but also allows the federal government to enter a state and collect the tax if a state is delinquent in meeting its obligation.

"SECTION 5. This Amendment to the Constitution, when ratified by the required number of States, shall take effect no later than (?) years after the required number of States have ratified it.

JWK

“…..with all these blessings, what more is necessary to make us a happy and a prosperous people? Still one thing more, fellow-citizens—a wise and frugal Government, which shall restrain men from injuring one another, shall leave them otherwise free to regulate their own pursuits of industry and improvement and shall not take from the mouth of labor the bread it has earned. This is the sum of good government, and this is necessary to close the circle of our felicities“. Thomas Jefferson, First Inaugural Address
johnwk is offline  
Old August 14th, 2015, 02:28 PM   #3
Senior Member
 
Join Date: Jul 2015
Location: USA
Posts: 1,884
The Laffer / Forbes flat tax proposal

.

When one takes the time to actually study the various versions of a flat tax, including those promoted by Art Laffer and Steve Forbes, we find a flat tax calculated from profits, gains, salaries and other lawfully earned incomes does absolutely nothing to eliminate the most notorious miseries which are connected with this patently evil tax. The time has come to seriously consider ending our nation’s experiment with this socialist inspired tax, and confront its advocates such as Art Laffer and Steve Forbes who continue to perpetuate it.

To begin with, the Laffer / Forbes flat tax proposal is a discriminatory tax in that it is laid directly upon the individual and measures the amount of tax the individual is to pay based upon their annual earnings which in effect commands our nation’s most productive businesses and hardworking citizens, especially those living in our nation’s inner cities who may work two or three jobs to lift themselves out of the “hood”, to finance the functions of government while the least productive citizen is not required to pay an equal share, or any share at all to support government! And yet, those who do not contribute an equal share to financing the functions of government are allowed to exercise a vote equal to those who do finance the functions of government. Our founding fathers adopted a rule in our Constitution, the rule of apportionment, to protect us from this very evil. That rule declares “Representatives and direct taxes shall be apportioned among the several states”, and it boils down to a very important concept __ representation with a proportional financial obligation, or, one man one vote, and one vote one dollar! The Laffer / Forbes flat tax proposal makes a mockery of the wisdom and brilliance of our founder’s rule of apportionment.

The Laffer / Forbes flat tax proposal is also arbitrary and capricious in that the definition of what is and what is not taxable “income” cannot be set in stone, and is left to never ending alterations and manipulations which are decided by a political majority in Congress. On the other hand, taxing consumption, which our founders intended to be Congress' primary source to fill our national treasury, is far less subject to abuse, and especially so because taxes paid on consumption are voluntarily paid by the manner in which one spends their money, and allows the market place to determine the limit of tax imposed upon every article chosen for taxation.

In addition, the Laffer / Forbes flat tax leaves the door wide open for government to use it as a political weapon to silence, threaten and punish political foes, while it is also used to reward the friends of big government. Have we not recently seen how this corruptible tax calculated from “incomes” has been used by political hacks in our federal government to attack freedom loving Americans and interfere with free speech? Have we forgotten how our federal government put one of our most patriotic members of Congress in jail, Congressman George Hansen, who dared to expose the criminal conduct of the IRS and its abuse of America’s taxpaying citizens?

If Laffer and Forbes were sincere about tax reform which would actually benefit the American People and restrain our out-of-control federal government, they would be working to end our nation’s experiment with this socialist inspired tax and be talking about the Fair Share Balanced Budget Amendment which is designed to bring us back to our Constitution’s original tax plan as our founders intended it to operate. Real tax reform begins with the following 32 words:

The Sixteenth Amendment is hereby repealed and Congress is henceforth forbidden to lay ``any`` tax or burden calculated from profits, gains, interest, salaries, wages, tips, inheritances or any other lawfully realized money.


JWK

If, by calling a tax indirect when it is essentially direct, the rule of protection could be frittered away, one of the great landmarks defining the boundary between the nation and the states of which it is composed, would have disappeared, and with it one of the bulwarks of private rights and private property. POLLOCK v. FARMERS' LOAN & TRUST CO., 157 U.S. 429 (1895)
johnwk is offline  
Reply

  Defending The Truth Political Forum > Political Forum > Current Events

Tags
advice, forbes, laffer, reform, seek, steve, tax, trump



Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
The Laffer Curve Turns 40 RNG Economics 41 January 25th, 2015 03:09 PM
Forbes, a well-known liberal rag, on Welfare Ranching imaginethat Current Events 79 April 27th, 2014 01:22 PM
Laffer Is A Laughingstock Camelot Current Events 21 January 17th, 2014 01:18 PM
Forbes Unpublishes Commentary on Medication/Violence Link intangible child Current Events 2 January 18th, 2013 01:23 PM
Forbes Talks Pot baloney_detector Drugs, Alcohol, Tobacco 0 May 7th, 2007 06:11 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.