Fair Tax, For Rich and all…
(ThyBlackMan.com) There are not enough rich people to make up the trillion dollar deficit that Mr. Obama is proposing and the rest of the cuts proposed are anticipated not real savings, e.g. drawing down troops which may not occur if other outbreaks and natural disasters demand funds.
The lies of this and other administrations reveal that one to three trillion dollars was taken from social security monies to finance wars and entitlements with IOU’s left in the Treasury knowing they will never be repaid. Medicare was taking in enough money to pay its bills including Part D but it too is being tapped for everything imaginable leaving those who pay into this system short changed. So, why the rush to take more from these programs which were carrying their weight?
Though Warren Buffett on August 15, 2011 made a generous proposal in suggesting the increase taxation on the rich, such a move without requiring a fair tax of all, continues to allow the influence of the rich to grow.
If such was done, the billionaires and multimillionaires could continue to lay claim to being bearers of the tax burdens for which they should be entitled to choice seats, i.e. pay to play which is part of the bigger problem.
A truly democratic society demands that everyone should pay some taxes including if nothing else but a dollar from the poor for we all derive some benefit from society including the water we drink, sewer services, police protection, fire services, free schools, paved roads and other social amenities. In addition to income taxes, those who own property, including the rich are already picking up a disproportionate share of these costs.
If churches, synagogues and mosque ran their own charities as demanded in their books of faith instead of going to the government for the Faith Based Initiative support, $40 billion in savings per year could be appreciated. These monies could be designated to Medicaid, Social Security and other government mandates which have been squandered.
1. You cannot legislate the poor into prosperity, by legislating the wealthy out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work, because somebody else is going to get what they work for, that is the beginning of the end of any nation.
5. You cannot multiply wealth by dividing it.
A fundamental belief I have is that a democratic government is not entitled to take more than fifty percent of what people make to keep itself in business. If one adds a 35% federal income tax rate to that for states, local, property tax, sales taxes and licensing fees and other possible hidden taxes too many are already giving up over half of what they make to maintain the government. If we get rid of all loopholes including charitable deductions, business expenses, home purchase deductions.
Written By Dr. Ada M. Fisher
Official website; http://DrADAMFISHER.org
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