China's Geo political strategy, page 3

" It is amazing to watch critics of this legislation rewrite it to criticize it. They have said that exemptions and deductions would raise the tax rate to 45%. Under the FairTax there are no exemptions and no deductions. Notice the statement that it will be easier to raise taxes. Milton Friedman and others have stated, and it has been proven that there is an inverse relationship between taxes and revenue. As one goes up the other goes down. Which one do you want to go up?

If the government is required to accurately report their spending (which they are currently prohibited from doing) and accurately report the income under the FairTax; and then they try to raise taxes to pay for something and revenue goes down. What will that prove?

Our government practices a sleight of hand by confiscating its money from the working class before they have a chance to cash their paychecks, and punishes incrementally for additional hours worked and wages earned. Both of our nation’s political parties have managed to spend our money like drunken sailors on shore leave. The federal debt has risen from 542 billion in 1975 to nearly 9 trillion dollars. To put one trillion dollars in perspective, if you were to spend one million dollars per day, every day since the day that Jesus was born, you would still have to spend a million dollars a day for another 733 years to have spent a trillion dollars. Debt as a percentage of Gross Domestic Product, once at 34.7%, is now above 60%.

For years our government has played a game with our monetary fund to trade off 3 to 4 percent inflation for 4 to 6 percent unemployment. Economic instructors will teach that there is only 4 factors the government is capable of adjusting to influence the economy. Raising or lowering the tax rate, raising or lowering spending, raising or lowering the reserve rate, or raising or lowering the interest rate, and expound upon the influence that each will have upon the economy, while our government is constantly devaluating our currency by printing more and more of it. Today’s dollar has the buying power of 4 pennies compared to the 1930’s dollar.

Our government does it’s very best to make our tax code as incomprehensible as possible. Any reasonable reading of the United States Constitution would find that the ordinary citizen does not conduct activity that our forefathers defined as taxable. While we depend upon our country to provide a basic framework for us to exist within, our forefathers would roll over in their graves if they knew of the level of taxation that each citizen has been burdened with. A child born today already owes the federal government $37,000 dollars.

The FairTax is a grassroots movement to reform our nation’s tax code from an income based tax to a consumption tax. The FairTax Strips all of the embedded taxes out of the supply chain to provide consumers with a set of tax free goods and services to be levied only once, at the point of purchase on new goods and services. The simplicity of the FairTax frees Americans from our current overwhelming tax code and unshackles the U.S. economy.

As individuals we cannot control our politicians spending, The FairTax returns to the individual the power to control his or her own paycheck. It is a complete rewrite of our nation’s tax code from a 60,000 page incomprehensible behemoth to a 143 page document. It is total tax reform, not just rearranging the deck chairs on the Titanic.

It enables all workers to keep their entire paycheck without any deductions. It eliminates the IRS as we know it, all corporate taxes, capital gains taxes, alternative minimum taxes, gift taxes, and estate taxes, and strips all of the embedded taxes out of the supply chain to provide the consumer with a set of tax free goods and services to be taxed only one time by the final consumer at the cash register."