Thus said Michael Halcrow on Mon, 19 Sep 2005 17:38:22 CDT: > I am horrified by this. I can think of few better ways to stagnate an > economy than to encourage this mentality. ``You are punished for > producing, so stop worrying so much about producing, and reduce > your demand for other peoples' production!'' Brilliant. Absolutely > brilliant. I'd love to see where that will get us before too long.
Something seems amiss here... Since when is the customer not king? Are we supposed to buy things just for the sake of keeping the economy going? People saving money is what actually keeps the economy going, not spending into the obliviousness that is debt. Oh, and the effect of people not buying products is a signal to the producers to slow down production or drop their prices. > It makes the true cost of government readily apparent in every > purchase you make (increasing pressure against the statist agenda, > which is partially hidden now by spreading out the taxes among a > plethora of collections), it consolidates all the myriad forms of > taxes down into one well-established collection mechanism (saving > untold billions in tax collection overhead), and it removes the morale > hit that we take when we get our paychecks and find a huge chunks > ripped right out from them before the cash ever hits our bank > accounts. No, the true cost of government would still be hidden. To truly reveal the cost of government, the money of the people would need to be returned to honest money. As it is, the government can hide many of the costs by imposing the hidden tax on the people that is Federal Reserve generated inflation. > There are, of course, drawbacks to something like FairTax, but there > are some interesting ways to mitigate them. Drawbacks like these? [The Fair Tax Fraud] http://www.mises.org/story/1814 Andy -- GnuPG ID 0xA63888C9 (D2DA 68C9 BB2B 26B4 8204 2219 A43E F450 A638 88C9) [-----------[system uptime]--------------------------------------------] 4:53pm up 91 days, 1:31, 1 user, load average: 1.00, 1.00, 1.00 /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
