I Drunk The Punch

An irregular but hopefulling interesting blog.

Wednesday, May 16, 2007

Road Trip In Support Of Th FairTax

Well, I wish you could have been there. Amy (my fiance) and Justin (my buddy) drove from Macon, GA as did my brother and his wife (Ryan and Kiem) to a FairTax rally that happened to coincide with the second Republican presidential primary debate. The energy was crazy, the looks on the official debate attendees was priceless and the statement we made with approx. 8000 FairTax proponents marching and chanting around the Republicans and news crews was worth the looks on their faces.

You would have thought 8000 people wearing FairTax shirts and hats were dropped from Black Hawk helicopters. One minute there were news ferrets taping Republicans in suits and ties swapping spit out front of the Koger Center……….the next minute there were, from out of nowhere, 8000 people holding FairTax signs and chanting “FairTax Now”. A Romney campaign staffer, stopped me and asked with a confused look on his face, “where did all these people come from?”.

Hell, it wasn’t like it hadn’t been publicized. The FairTax.org group had been preparing for this for weeks. It was amazing! We did miss a couple of the big talking heads that we had hoped to see, like Herman Cain and Sean Hannity, but we did get to see Mike Huckabee, Neal Boortz and John Stossel. These guys have and continue to do a lot for this movement, as has Congressman John Linder and 60 co-sponsors. However, to see 8000 people drive from different parts of the US to be in Columbia, South Carolina on a TUESDAY NIGHT in order to show their support for the FairTax put a little lump in my throat. (No, not the kind that makes me almost gag when I think about the IRS and our current unequitable code.)

If I had my "druthers" and could have made one little change, it would have been that Dave Ramsey attended. I'm not sure exactly how Dave feels about the FairTax, but I would bet (with my blow money of course) that he supports it. His presence, especially in the company of some of his friends and cohorts, would have taken that entire crowd to another level.

I wish everyone of you could have made it along with a few thousand more. But, there will be another one and even if it is on the other side of the country…you should go.

1 Comments:

Anonymous Anonymous said...

bring us up to date on FairTax'ers making a difference at Iowa:

Huckabee is an adroit public speaker. He communicates his message in life-like, cogent terms, with compelling examples like the story he told (at the Ames Straw Poll) of what his then-11-yo daughter entered into the "Comments" section of a Visitors Book after visiting the Yad Vashem holocaust museum: “Why didn't somebody do something?”

Very effective. Huckabee is all about calling his listeners to "do something," to awaken them to their own empowerment, and summon them to action in order that "Main Street," and not "Wall Street," will prevail in guarding the values and beliefs upon which the Republic was founded.

Huckabee puts his listeners at ease, and reassures them, articulating clear concepts in a natural, easy style (no doubt something well-cultivated as a pastor). He’s not angry or demanding, like a Ron Paul, nor is he as “rigidly-scripted” as Romney, and his large brown eyes peer through a humble demeanor, drawing a striking contrast to a somewhat mechanical-squinty Brownback. One can easily imagine sitting comfortably with this man over a cup of coffee at the Main Street Cafe.

Most importantly, perhaps, Huckabee convinces many that he is ONE with the FairTax grassroots movement. While many - like Romney, and others, who are invested in the current income tax system - seek to demagog the well-researched FairTax plan, its acceptance in the professional / academic community continues to grow. Renown economist Laurence Kotlikoff believes that failure to enact the FairTax - choosing instead to try to "flatten" what he deems to be a non-flattenable income tax system - will eventuate into an irrevocable economic meltdown because of the hidden aspects of the current system that make political accountability impossible.

Romney's recent WEAK response to FairTax questioning on “This Week with Geo. Stephanopoulos” drew a sharper contrast between Huckabee and all other presidential front-runners who will not embrace it. Huckabee understands that what's wrong with the income tax can't be fixed with "a tap of the hammer, nor a twist of the screwdriver." That his opponents cling to the destructive Tax Code, the IRS, preserving political power of granting tax favors at continued cost to - and misery of - American families, invigorates his campaign's raison d'etre.

Of the FairTax, Huckabee asserts that it's...

• SIMPLE, easy to understand
• EFFICIENT, inexpensive to comply with and doesn't cause less-than-optimal business decisions for tax minimization purposes
• FAIR, FLAT, and FAMILY FRIENDLY, loophole-free, and everyone pays their share
• LOW TAX RATE is achieved by broad base with no exclusions
• PREDICTABLE, doesn't change, so financial planning is possible
• UNINTRUSIVE, doesn't intrude into our personal affairs or limit our liberty
• VISIBLE, not hidden from the public in tax-inflated prices or otherwise
• PRODUCTIVE, rewards - rather than penalizes - work and productivity

A detailed benefits analysis of the plan (from The FairTax Book) explains Huckabee's ardent advocacy:

FOR INDIVIDUALS:
• No more tax on income - make as much as you wish
• You receive your full paycheck - no more deductions
• You pay the tax when you buy "at retail" - not "used"
• No more double taxation (e.g. like on current Capital Gains)
• Reduction of "pre-FairTaxed" retail prices by 20%-30%
• Adding back 29.9% FairTax maintains current price levels
• FairTax would constitute 23% portion of new prices
• Every household receives a monthly check, or "pre-bate"
• "Prebate" is "advance payback" for monthly consumption to poverty level
• FairTax's "prebate" ensures progressivity, poverty protection
Finally, citizens are knowledgeable of what their tax IS
• Elimination of "parasitic" Income Tax industry
• NO MORE IRS. NO MORE FILING OF TAX RETURNS by individuals
• Those possessing illicit forms of income will ALSO pay the FairTax
• Households have more disposable income to purchase goods
• Savings is bolstered with reduction of interest rates

FOR BUSINESSES:
• Corporate income and payroll taxes revoked under FairTax
• Business compensated for collecting tax at "cash register"
• No more tax-related lawyers, lobbyists on company payrolls
No more embedded (hidden) income/payroll taxes in prices
• Reduced costs. Competition - not tax policy - drives prices
• Off-shore "tax haven" headquarters can now return to U.S
No more "favors" from politicians at expense of taxpayers
• Resources go to R&D and study of competition - not taxes
• Marketplace distortions eliminated for fair competition
• US exports increase their share of foreign markets

FOR THE COUNTRY:
• 7% - 13% economic growth projected in the first year of the FairTax
Jobs return to the U.S.
• Foreign corporations "set up shop" in the U.S.
• Tax system trends are corrected to "enlarge the pie"
• Larger economic "pie," means thinner tax rate "slices"
• Initial 23% portion of price is pressured downward as "pie"
increases
No more "closed door" tax deals by politicians and business
• FairTax sets new global standard. Other countries will follow

While passionately supporting FairTax, Huckabee understands that, if elected President, Congress will have to present the bill for his signature. His call to action goes beyond his candidacy, Main Street will have to demand that their legislators deliver the bill.

Thu Aug 16, 05:47:00 PM  

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