On Taxation...

The debate rages on over the most “fair” way to tax America.  Some suggest a flat tax, eliminating all loopholes.  Many others think that the Fair Tax plan is the way to go.  One Presidential hopeful (whom I like) proposes the “9-9-9 plan”…not realizing the way Washington works (…meaning that it would soon become the 12-12-12 plan, then 20-20-20 plan).  A few political-dinosaurs want only minor changes (up and/or down) to the tax rates on individuals and/or corporations.  Some good ideas… Some bad… But all wrong…

Which plan is the best?  Answer:  None of the above!  Nowhere have I heard what I believe to be the best plan…the FOuRTH Party plan!  Instead of having the federal government dictate the best plan for all of America, we believe that the best plan would be to:

1)  Repeal the 16^th Amendment and specifically remove the power of the federal government to directly tax any individual or corporation.  (Constitutionally deny Congress the ability to pick winners and losers in the business world; constitutionally deny Congress the ability to socially engineer the American tax system.)  Then…

2)  Have the federal government equally tax each of the states on a per capita basis, allowing each state the freedom to decide the best plan for their own state in meeting the state’s federal obligation.

The economies of our various states are not the same.  Some states might find it advantageous to use property taxes, others income taxes or sales taxes, and still others might tax their tourism industry more heavily.  Personally, I would like to see most states double their sales tax, then give sales tax exemptions for all American-made (or State-made) products.  But…  Such decisions should reside with the states.

Under such a “de-centralized” tax plan, each state could experiment and follow its own convictions.  More importantly, it would further exploit the value of competition which already has some impact through just state taxes.  Under a de-centralized tax plan, citizens and industries, alike, would be free to “vote with their feet” as to which states truly used the most fair tax system!  It wouldn’t be long before it became abundantly clear which states had the more sound fiscal policy and the best method of taxation…which makes THIS de-centralized tax plan the best tax plan.