You'd think that by now any Republican tax plan would be greeted with howls of laughter but apparently PT Barnum's gene pool is still gurgling in the shallow end of humanity. The Flat Tax Scam, and that's what it is, sounds good on paper, but, just like Communism, comes unglued in the real world. The problem is-- no matter what the percentage-- the rich never pay what they're supposed to for their high end purchases.
The Flat Tax Scam is a sales tax, and I've had some recent experience with how this scam works. The blessed bureaucrats in Raleigh forgot to put in the decimal points on a recent boat purchase of mine. Instead of a $22k brim boat, they thought I had bought a $2.2 million yacht. I get a tax bill for around $1,700. When I explained their mistake, I got an adjusted bill for about $650. (I had to pay penalties and fines nearly equal to the tax bill for following the State's directions on filing, but that's another story.) It doesn't take a rocket scientist to figure who's getting screwed here: 650 on 22 thousand or 1700 on 2.2 million.
And so it goes, and North Carolina is not even the worse state when it comes to this disparity.
If Cain's plan happened, here's what would follow shortly after the middle class has been completely wiped out by this tax-- high end purchases would have their taxes capped-- exactly like they do now. Because if you charge $200k on the sale of that $20 million boat, plane, train, industrial machine, diamond necklace, antique gun, lost Monet, country estate or whatever, you'll be depressing sales of that item and costing people jobs and hurting the job creators without whose tireless efforts on our behalf, none of us sniveling groundlings would have a job or a hovel.
This can be explained to 99% of the people. Show them the con and they'll run from it, though they may keep yelling about Mom, apple pie and tea bags in order to keep up appearances with their peeps. Drive this into everyone's head: the 999 plan benefits 1%, not 100%, of the people.
Oh, and I'm not a racist.
999 | Herman Cain for President:
No comments:
Post a Comment