Editor: Three steps would remedy our failing economy.
Do we want our government operating U.S. financial institutions? The U.S. investment firms and our American insurance companies? No! No! No! That is why I am so passionate and feel compelled to offer my support and to solicit everybody’s support for a proposal that is not new but deserves our utmost attention.
The proposal I refer to is the fair tax plan submitted by Congressman John Linden several years ago. Two books have been published by Neal Boartz in collaboration with Linden and Bob Woodall. The fair tax plan consists of a profoundly constructed study and a comprehensive analysis of the current U.S. tax code. The plan is identified in our legislative bodies as H.R. 25 and S. 1025. Why hasn’t any action been taken? Good question.
The second step is the abolishment of corporate taxes. The action would stimulate homeland productivity and promote all kinds of innovative enterprises throughout this great land of ours. Obviously unemployment would begin to dwindle to a small percentage. There would no longer be an interest or ambition on the part of American companies to move their operations abroad.
The third step would delete capital gains taxes and the federal withholding taxes. Why punish the investors who place their faith in sound entities and contribute their hard-earned money to help the growth and expansion of these enterprises. Such investments are indeed vital and should not be deterred in any way.
If you agree with these proposals, please join me by contacting your legislators and encourage them to review this fair tax plan with a view toward the preservation of a healthy, progressive and prosperous capitalistic society. Let’s not succumb to a socialist empire creating a lethargic citizenry expecting its government to provide them with all of their needs and wants.
