This is the democrats’ idea of stimulating the economy: give tax rebates to the “less fortunate,” extend unemployment benefits and hand out more food stamps. All they want is for more people to become more dependant on the government. Are you starting to see the picture, folks?
Categories: News · Politics · Wordpress Political Blogs · election '08
Tagged: democratic party, democrats, DNC, economy, food stamps, socialist, taxes, unemployment, welfare
By Steven E. Landsburg
Mike Huckabee is not my favorite candidate, though I relish the irony of an evolution-denier whose basic appeal is to voters’ most apelike instincts. But I do give him credit for one thing: an innovative tax plan that’s being trashed by journalists who almost universally fail to understand its consequences.
Basically, Huckabee’s plan is to eliminate the income tax and replace it with a national sales tax. To a first approximation, that’s not such a radical change. As long as you spend what you earn, a sales tax feels just like an income tax. If you earn $1,000 a week and spend $1,000 a week, it doesn’t matter whether I take 20 percent of your income or 20 percent of your spending.
Categories: News · Politics · Wordpress Political Blogs · election '08
Tagged: 16th amendement, economy, fair tax, IRS, tax
