His posts remind me of something else…. Oh Yeah! They are like reading the speeches of the president!!

The biggest problem is many Americans want to think they can get something for nothing, and the politicians feed off this to get re-elected.

I told many of my friends when I ran for office I did it to educate people on economic issues. And when I pointed out the issues surrounding the out of control leverage via banks, consumers and government I was told this is not a winning message.

And on this site years after I ran many still point out how I lost by many votes, while if they had listen to me they would be in better finical shape.

The reason people like a Madoff can scam people is that mentality of wanting something for nothing ie the Fair Tax cult.

I hope and pray a new generation of Americans wake up and realize our future is not about what they can pull out of the system. JFK said it best “ask not what your country can do for you – ask what you can do for your country”

Ask Not What Your Country Can Do For You!

. http://www.youtube.com/watch?v=VB6hLg3PRbY

He says the cultists have bombarded him with emails.

After giving it a lot more study, I find my self in agreement with Laurence Vance at the Mises Institute: “The only thing the FairTax does is change the way the state confiscates the wealth of its citizens.” As Congressman Ron Paul has said: “the real key to tax reform is dramatically reduced spending by the federal government. Until the government spends far less, taxes (in whatever form) will remain too high. While I certainly support eliminating the income tax, I do not want to see it replaced with a high national sales tax which attempts to collect the same amount of revenue. Spending is the real problem.”

Because the FairTax is a consumption tax, Murray Rothbard’s conclusion about consumption taxes is apropos:

“The consumption tax, on the other hand, can only be regarded as a payment for permission-to-live. It implies that a man will not be allowed to advance or even sustain his own life, unless he pays, off the top, a fee to the State for permission to do so. The consumption tax does not strike me, in its philosophical implications, as one whit more noble, or less presumptuous, than the income tax.”

Vance concludes, and I have to agree: “The FairTax does nothing to tame the federal leviathan. The solution is nothing less than a drastic reduction or wholesale elimination of its revenue source. What is fair about allowing the government to confiscate 23 percent of the value of every new good and service? FairTax proponents may call it necessary legislation, but I call it highway robbery.”

http://www.youtube.com/watch?v=qI5lC4Z_T80

Which reminds me, this new site is gorgeous.

Broaden the base, as I recommended above, and the combined state and federal rate would be less than 10%.

The whole topic is nonsensical, because the debt, insane deficits increasing the debt, the debt assumed with the GSE’s, and the future debt in the entitlements require a 140% tax.

I have had first class mail go through the north fulton facility and take three weeks to go through.

However, I do agree that the postal service is something the governemnt does best. The military is good at killing people and breaking things. They should not be used as a police force.

I’m not sure what all this has to do with the FT.

BUT, FTxers have absolutely no clue as to the psychology of price vs. demand.

Very good point!