The FairTax is Better...but let's focus on the root of the problem

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Bid Farewell to Capgains Tax

Submitted by Doug S., Jan 7, 2007 13:52

The FairTax (Consumption tax) will replace the illegal income tax which is good. But the income tax which did not exist before 1913 only pays for the INTEREST on the national debt. That is right...your hard earned income tax you pay does not "fund the government, or the war, or your congressmen" It only pays interest on the national debt--not the debt--just the interest! The interest is created by government borrowing money from the Federal Reserve. The Federal Reserve is a private business--NOT a Govermental department or agency. It is a private business operated by an unknown (privately held) small group of Banks. The government gave up the right to produce currency (interest free by the way) and handed over the conrol of producing currency to private banks. Coincedentally in 1913 as well. Now put two and two together. The "voluntary" income tax was established to pay for the interest from the beginning. The Federal Reserve was organized during the Christmas break when most of our representatives were home with families at Christmas so that it would not generate much fanfare. Because of Govenmental waste in spending and borrowing at leasure--we income tax payers are endentured to pay the interest which will never be paid in full. Eliminate the Federal Reserve and eliminate interest and the need for the income tax or the FairTax! More and more we Americans are losing our rights and freedoms to the minority who make and control the laws. Wake up America! Do not support the right to confiscate and read your mail without warrant or cause. Do not support the National ID Card/Drivers License with the embedded RFID chip to track your every move at will without your knowledge--by the way, that takes effect May 2008. Do not allow for the United States to become part of the North American Union and lose our soveirgn country of the United States which is to happen (I think) in 2010. Why do they not want to spend money to build a fence? They say it is not practical and too expensive, yet they are funding $10 Billion to initiate the National ID Card. World Government is the goal with a one world bank. Defend the Constitution and learn the facts like I have done. My eyes are opened and I do not like what I am seeing. Don't believe me--it is easy to find the truth, research the internet, ask questions and ask WHY! Do not be railroaded blindly that this will create a better world or that this is crazy talk. It is happening on small bite at at time. We will no longer be Americans and we will lose our rights and our Constitution if we do not get informed, get angry and stand up and say no more! www.freedomtofacism.com learn more!

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Other reader comments on this article

Comment	By	Date
What a no brainer. I own two apartments and an insurance business. They will never sell as long as the... [MORE]	Ernie Harper	Jan 11, 2007 16:29
Okay I've heard your arguments in favor of this tax. But to think that internet sites ran by small business... [MORE]	Jared	Aug 6, 2007 07:32
Two words - FAIR TAX! It is what a rapidly growing number of Americans want because it is fair and... [MORE]	Jason Gill	Jan 9, 2007 22:15
Approximately 40-50% of Americans pay income taxes to cover the rest of us, including illegal immigrants. By switching to a... [MORE]	Paul Morris	Jan 9, 2007 14:16
Mr Epstein certainly understands the importance of the power of a tax system to influence decision making. I agreed with... [MORE]	Dan Gutting	Jan 7, 2007 19:05
If one has studied the Fair Tax in detail it explains how lower income workers benefit more under the Fair... [MORE]	Ed Luck	Jan 7, 2007 14:11
The FairTax (Consumption tax) will replace the illegal income tax which is good. But the income tax which did not...	Doug S.	Jan 7, 2007 13:52
Mr. Epstein, This is quite a complicated discussion of a very complex issue. Imagine what individuals and businesses who have to... [MORE]	Keith Ritzler	Jan 7, 2007 13:33
The Capital Gains tax is not the only bad apple in the barrel. All the income-based taxes provide grist for... [MORE]	Chad Sargent	Jan 7, 2007 12:50
All talk about taxes should come down to one simply thing no matter what segment of taxes is talked about.... [MORE]	Tom Kropewnicki	Jan 7, 2007 11:46
In my opinion right now there are a lot of people who don't pay taxes, and if they did it... [MORE]	CJ	Jan 7, 2007 07:36
What a simply brilliant article. Concise and understandable to even the common reader. Modern tax policy is overwhelmingly complex and... [MORE]	Christian Hine	Jan 7, 2007 03:32
Last years HR25/S25 proposed doing away with all income based taxes on indivivuals and corporations and replacing them with a... [MORE]	William M Roberts	Jan 7, 2007 01:28
Thank you for that great article. Our nation needs to wake up to what is happening globally and put American... [MORE]	Kim Kilgallen	Jan 8, 2007 07:59
The current IRS and income tax on individuals and corporations is presently destroying the USA economy. A major portion of... [MORE]	Rudy Treml	Jan 6, 2007 20:26
Mr. Epstein is correct in his breakdown of consumption tax versus income tax. When people have more ot their own... [MORE]	Larry D	Jan 6, 2007 20:12
I'll make this as brief as possible. If Mr. Epstein will spend as much time at Fairtax.org, as he apparently spent... [MORE]	William M. Tidwell	Jan 6, 2007 19:05
Professor Epstein makes very valid points about social and revenue gains to be achieved by reducing taxes on earnings and... [MORE]	Wayne Jett	Jan 6, 2007 13:18
If the citizens of the United States would Quit watching American Idle, and take the time to read the book... [MORE]	Joe Rafacz	Jan 7, 2007 12:30
If nothing else gets us sooner, inflation, for which there is no excuse, will!! Something to call one's own and is... [MORE]	Arthur H. Goldkamp	Jan 5, 2007 21:00
4While I do not disagree with Mr. Epstein's fundamental position, I believe his example is so unrealistic as to seriously... [MORE]	(Fr.) Wm. D. Loring	Jan 5, 2007 13:42

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