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Flat Tax Vs. Fair Tax Vs. Herman Cain's 9-9-9 Plan - Nathan Lewis - New World Economics

An Argument Against US Federal Flat Tax Today... First three definitions. Definition 1 - US Federal Government, current iteration of 250 year old ongoing surge, which seeks to propel United States citizens into their better prosperity and posterity. Definition 2 - Economics, the study of applying ways and means to both dearth and want. Definition 3 - Vortex Economy, an economy cruising for substantial change, Aristotlian notion, via debt, deficit, and lack of will regards spending and changing opportune to the dearth of any functionalism, now bereft, that could be proferred for its purpose. Now the central Theorem. In a Vortex Economy, a flat tax is thus a one way ticket; it is a Reaver's move and so undesirable today. Proof of Central Theorem. Yeah I know about flat tax. I'm like the guy who bought high with Obama. Now I'm going to buy low with so and so. Did you make any money, sir? Money? What's money? And so it will be. Flat tax is a one way ticket. At least future misery will have tremendous company. Argument follows from so called "stability" of flat tax. Here, as incomes fall, citizens take the hit - the tax takes more from their net. This is called non-elastic and is fine as long as revenues find some notion of government expenditure. But, when the government bill passes beyond the pale of economic reasoning; i.e., dole replaces choice in analysis, and further hard time so follow, the true regressive nature of the flat tax finds the fore. When new revenues are demanded to confront burgeoning misury, the raise to flat tax required now already sits atop ongoing marginal burdening regards the citizens who already suffered defacto tax increases as their incomes fell. True context is today fabulously paramount. But true context finds the nation in a vortex economy. q.e.d. Cororally to central Theorem. In a Vortex Economy any revenue adjustment scheme must tandem with other policy and technological innovation to retrieve the economic field itself from dearth of choice. Argument follows from current debt load of every man, woman, and child in America, which is backbreaking if enforced (of course this can only be conjectured, specific private citizens didn't sign for the debt). As a consequence adjusting revenue alone won't change the field in the required way. q.e.d. Note: argument presumes a kind of Dred Scott house rules, which follow posthumous from word and deed. In other words, being born in or living in an indentured state (as opposed to a free one, which is no longer in question) does not by judicial decree at least in the United States declare a particular person to be so indentured. It just makes it harder to get productive things done.

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Beginning of the headline : For a number of years now, people have asked me whether I prefer a “flat tax” or a “fair tax.” Both are problematic. The “flat tax” is typically conceived as a replacement for the existing personal income tax.This is fine, but it ignores the payroll tax, which is really just another form of income tax... Read More

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