Quote:
Originally Posted by CoachKandSportsguy
https://buddycarter.house.gov/upload..._act_118th.pdf
Replacing all taxes with a consumption tax. . . basically a sales and service tax. . .
not sure how this bill will get implemented, and even if its a good idea. . . switching from income earned to good and services purchased . . .
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Gave it a quick read...(45 minutes or so later...)
I agree with most. Never pass. And even if it did, implementing it would be contingent on repealing the 16th Amendment to the U.S. Constitution and THAT takes convincing a minimum of 38 of the states that it is a good idea.
Scary, though. As always the devil is in the details. Getting rid of the IRS sounds like a great idea but there will still need to be a bureaucracy in place to administer this thing. Also as I read it the individual will be far more responsible for keeping records than they are now, and that could be a real fly in the ointment.
Scariest though: this thing seems tailor-made for social engineering. The bill sets an arbitrary "base rate" which will be subject to periodic adjustment. What is to prevent the government deciding that the purchase of some items should be taxed at a higher rate than others? The bill doesn't say that it will do that, but it doesn't say that it won't. All the government needs to do is to decide that We The People shouldn't have this-or-that, and put the tax on it astronomically high, and Presto! Uncle Sam has at his disposal a unique instrument whereby he can direct the sheep to go in any direction he wants them to, independent of legislative action.
The IRS is a huge pain in the bleep, but in this case...better the devil you know than the devil you don't.