I've spent the day sitting outside, enjoying unseasonably warm weather, eating, and sipping coffee while reading at an outdoor cafe. I've enjoyed the hell out of today.
I don't disagree that very stringent checks and very careful wording of legislation would be needed to keep the governed safe from the government. But, this is true of all legislative measures. The income tax has led to enormous increases in government control. This is not due to the idea of an income tax; it's due to shoddily written legislation. A consumption tax faces the same risk. As does a property tax.
It was damn nice weather today. Except for the normal allergies that Oklahoma seems to breed relentlessly.
Unfortunately, you're not going to get that kind of carefully worded legislation these days. Too many fingers in the pie, special interests, lobbyists and crooked politicians to make it viable.
Which is where the revolution comes into play.
Since in having land, the government would be giving up revenue, the government would have an incentive against holding land. The government would have an incentive to keep only the land that is absolutely necessary to the function of the government (some military reservations, some civil and administrative buildings, etc.). The government would have a huge incentive to unload their parks, and a large swath of parkland is fit for great productivity (either through harvesting timber, mineral resources, or crops, or through developing into places where individuals would want to pay to visit and live).
It was damn nice weather today. Except for the normal allergies that Oklahoma seems to breed relentlessly.
Unfortunately, you're not going to get that kind of carefully worded legislation these days. Too many fingers in the pie, special interests, lobbyists and crooked politicians to make it viable.
Which is where the revolution comes into play.
With the property tax, you're only taxing a certain percentage of the population. One example I will give that I believe was mentioned earlier is hay. Being a cattle farmer offspring you must understand the need of hay for livestock especially in the winter time. Hay is very cheap, $20 a round bail here. So you have a ten acre field set aside for nothing but hay, which will not produce a lot for the record. You're gonna have pay taxes out the ying yang on the land that you NEED for low valued hay. This will begin a spiral effect that will cause many to start selling, with the tax situation, it's only logical to buy land if you're gonna make significant profits. So the market will be flooded with land but only a small, specialized group will be buying. When the people can't sell and can not afford the tax, it gets back into government hands. Essentially equalling a mass scale federal land grab. The sales tax is by and far the fairest way, every single person pays the same exact percentage.
A real revolution would most likely be catastrophic. The US was incredibly lucky at the end of the 18th century, not in beating the British but in actually being able to make something work.
Revolutions very often end in situations that are even worse. That's the norm, even when the leaders of the revolution are incredibly learned and wise men. We need sweeping and systematic change, but it must come slowly and it must come via Constitutional mechanisms. If not, we're ****ed.
So are you going to tax each tract of land based on the income generated on the land, or tax every piece of land the same?
The same. Currently, roughly 1,125 million acres of land are privately owned in the US. If the government taxed $1,000 an acre/year, the government would pull in over a trillion dollars in tax revenue.
I admit that $10,000 on 10 acres is oppressive. Let's imagine that if such a property tax scheme were implemented, private ownership would rise to 1,500. Further, let's assume government requires half a trillion a year to operate (these assumptions are less than I would expect in the first case and way more than what I see as necessary expenses in the second). Now, let's cut the tax to $335/acre. Over half a trillion in revenue.
For a farmer who farms 10 acres: $3,350 in total federal taxes. Again, what's the problem?
Those are fantasy world numbers. Total income tax revenue for 2014: 5.8 trillion
Total tax revenue from individuals and corporations was less than 1.5 trillion in 2014. I'm not sure where your 5.8 trillion number comes from. Hell, even adding in SS receipts, the total receipts for 2014 is just north of 3 trillion.
Historical Amount of Revenue by Source
State and local taxes. Federal for 2014 is 3 trillion
US Fed Government Revenue for 2013 - Charts Tables
The fair tax I'm implying would do away with all payroll taxes and be covered by the sales tax.
States would still have the option of income taxes or sales taxes, as many are divided now, voters choice. But at your 1000 acre figure, which we agreed was oppressive, would require scaling the federal government to 33% of it's current state.
You are correct, the government would need to be scaled back, based on my lowest grantable assumptions.
The fair tax I'm implying would do away with all payroll taxes and be covered by the sales tax.
States would still have the option of income taxes or sales taxes, as many are divided now, voters choice. But at your 1000 acre figure, which we agreed was oppressive, would require scaling the federal government to 33% of it's current state.
I'm all for having a small government but I believe we spent $780 billion on the military last year, I could be way wrong but I feel I've seen that number. As I am for small government, and we could cut and great portion of that military spending out, I wouldn't want to deplenish our military either. To get to 1 trillion we'd have to cut military down to $500 billion and government to $500 billion and yet we'd still be paying around $1000/acre.
State and local taxes. Federal for 2014 is 3 trillion
US Fed Government Revenue for 2013 - Charts Tables
Just curious, does anyone find fault with the valid (and, as I see it, sound) argument I posted? If so, what premises would one reject?