Flat and Fair Tax?

McCain was in Pittsburgh today (Sat., 4/19/08), and CNN was covering part of his speech. He said he would propose a flat and fair tax.

Flat and fair are not synonymous. A flat tax to even begin approaching fairness would have to exclude nothing and would have to go on for infinity. To be fair a tax has to be proportioned.

McCain began talking about what he would exclude from taxation. No Internet tax he said. No tax on cell phones.

McCain said the Dependency exemption in the income tax has not kept up with inflation and he would propose raising it. Hey, McCain, neither has the minimum wage kept up with inflation. His voting record has made sure of that.

McCain speaks with a forked tongue. So much for the "Straight Talk Express."

If McCain wants a fair tax, he need look no further than Federalist Paper No. 12, where Alexander Hamilton wrote:

The ability of a country to pay taxes must always be proportioned, in a great degree, to the quantity of money in circulation, and to the celerity with which it circulates.

It sounds like Hamilton was envisioning something that wouldn't have been possible until the age of computers. Hamilton seems to be envisioning something that would be like a toll tax on the movement of all moneys--including Internet transactions. It could probably replace the income tax and perhaps a lot of sales taxes.

Hamilton also had a view of money that supports the view that money is to the body politic as blood is to the body. In Federalist Paper 30, Hamilton wrote:

Money is, with propriety, considered as the vital principle of the body politic; as that which sustains its life and motion, and enables it to perform its most essential functions.

McCain was also proposing some kind of dual tax that would be left to the option of the taxpayer--a flat tax or the current income tax. CNN then cut away.

That sounded like some kind of hydra-headed monster that would be so riddled with loopholes that only large corporations with a bevy of tax accountants could navigate.

McCain also spoke of a "lean government." He didn't mention "good government" like our founders intended.



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Nice diary (2.00 / 1)

I am adding it to my rescue.

Recced.


Student Guy=JoeMentum. No really Student Guy=JoeMentum, after all JoeMentum was an embarrassment so is Student Guy. This sig is FAIL!!
by Student Guy on Sat Apr 19, 2008 at 11:00:56 PM EST

Re: Flat and Fair Tax? (2.00 / 1)

aaaaaaaaaaaaaah!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!

Good lord.  He just gets worse and worse, doesn't he?


by Mostly on Sat Apr 19, 2008 at 11:02:56 PM EST

Yet some people here (none / 0)

will flock to him if their preferred candidate doesn't win.  ::puke::


Student Guy=JoeMentum. No really Student Guy=JoeMentum, after all JoeMentum was an embarrassment so is Student Guy. This sig is FAIL!!
by Student Guy on Sat Apr 19, 2008 at 11:07:13 PM EST
[ Parent ]

Re: Yet some people here (2.00 / 1)

He's going after the youth vote I think - no taxes on cell phones or the internet.

I hate it - arguments for a flat tax are so simple and yet so wrong.  It took such a long time for the progressive income tax to be established and yet it's so easy to rhetorically attack.


by Mostly on Sat Apr 19, 2008 at 11:10:33 PM EST
[ Parent ]

No kidding (2.00 / 1)

The progressive system has been seriously dismantled.


Student Guy=JoeMentum. No really Student Guy=JoeMentum, after all JoeMentum was an embarrassment so is Student Guy. This sig is FAIL!!
by Student Guy on Sat Apr 19, 2008 at 11:12:08 PM EST
[ Parent ]


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