Why Huckabee Will Not Be President
This NYTimes story says it all. Huckabee, likeable as he may be, will not be elected. The last guy to talk about a fair tax and abolishing the IRS was Ross Perot. The establishment, both democrats and republicans, are not going to allow this major change.
Huckabee’s Tax Plan Appeals, but Is It Fair?
By TOM REDBURN“Am I running for president to shut down the federal government? Not exactly,” Mr. Huckabee says on his Web site. “But I am running to eliminate all federal income and payroll taxes. And I do mean all — personal federal, corporate federal, gift, estate, capital gains, alternative minimum, Social Security, Medicare, self-employment.”
Under his plan, Americans would pay only one federal tax, which would be applied to just about everything they buy: not just the goods people buy at stores on which most states assess a sales tax, but nearly all services, including health care and insurance, the purchase of a new home or rental of an apartment, even things like a teenager mowing a lawn or baby-sitting for a neighbor.
It is not the same as a normal sales tax, however. Under the proposal, the tax is included first. That means a $100 item would cost $130, or 30 percent more. The plan’s supporters say that works out as a 23 percent rate because $30 is 23 percent of $130. Americans would no longer face federal withholding from their paychecks. But most analysts say the tax rate necessary to replace current federal revenues, under any likely plan, would actually need to be much higher. By some estimates it could add 40 percent, if not more, to the cost of living.
Now I personally support a fair tax based on consumption. Critics say the tax burden would fall on the middle class. BS. Who buys more? A guy that makes $50,000 per year or a guy that makes $500,000 per year? Add that to the fact that the upper 5% of the wealthiest people have about 23% of the wealth in the US.
If you added a luxury tax to nonessential clearly luxury purchases, then the burden would fall to the wealthy. But as I said earlier in this post, that’s exactly why it will not happen. They will find a way to get rid of Huckabee before thay allow him to get rid of the current tax system.
Add all of that to the fact that corporate America gets a lot of our tax money given to them in several forms of corporate welfare. The farm subsidies are no longer about helping the poor farmer. Large corporations bought up a lot of farms so they could reel in those subsidies. They have made a business out of it.
There are plenty of other examples of corporations getting federal tax dollars. They do not want the boat rocked.
Watch. Somehow the establishment will ruin Huckabee’s chances of being elected. They will rock his boat before he rocks their’s.
Besides if we eliminated the IRS, politicians would have to get their cronies, family, and friends jobs in the border patrol or elsewhere.
