News Republicans pushing to eliminate the IRS

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The discussion centers around a proposed initiative by Republican leaders, particularly Speaker of the House Dennis Hastert, to eliminate the IRS and replace the current tax system with a national sales tax or value-added tax (VAT). Hastert argues that this change could simplify tax payments, reduce costs associated with tax preparation, and potentially stimulate economic growth by attracting capital. Critics express concerns that such a shift would create a regressive tax system, disproportionately affecting lower-income individuals unless essential goods like food and rent are exempted. The conversation also touches on the historical context of taxation in the U.S., with some participants questioning the necessity of income taxes and discussing the implications of government spending and debt levels. There are mixed opinions on whether a sales tax could effectively replace income tax revenue without exacerbating the deficit or harming economic stability. Overall, the debate highlights the complexities and potential consequences of overhauling the tax system in the U.S.
  • #31
I'm convinced that Hastert wants this, but not so convinced that W does. He had absolutely no problem imposing a flat tax on Iraq, and look at the disaster that resulted. If a national flat tax/sales tax is passed the federal government might be finished-- it will certainly cease to exist as a representative of common people. A flat tax and/or sales tax w/o income tax will weaken the system by taking money out at the bottom, creating instability for the top. The final result would be a broke, fuedalist state with a totalitarian regieme.
 
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  • #32
schwarzchildradius said:
A flat tax and/or sales tax w/o income tax will weaken the system by taking money out at the bottom, creating instability for the top. The final result would be a broke, fuedalist state with a totalitarian regieme.

Well that's a slippery-slope argument if I've ever heard one. You don't think there might be some necessary intermediate events between a flat tax and feudal totalitarianism?
 
  • #33
loseyourname said:
Well that's a slippery-slope argument if I've ever heard one. You don't think there might be some necessary intermediate events between a flat tax and feudal totalitarianism?

No, it would take several days, the Internet would collapse in the process delaying the natural progression.
 

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