The world-famous Internet site of the Nationally Syndicated Neal Boortz Show!
Hi, (not you?) | Member Center | Sign Out
Posted: 1:00 a.m. Tuesday, Jan. 31, 2006
By Neal Boortz
| Today's Nuze: January 31, 2006 | ||
![]() | ||
| Tuesday -- January 31, 2006
It's no secret that I would like to hear something about tax reform. The current tax code in this country is killing us. No, those words aren't too strong. Our American economy is slowly collapsing under the burden of an onerous tax system that punishes the very activities our economy needs. In just the past few weeks we've heard several warnings and items of bad news. Warren Buffet, a man who some would say knows a thing or two about finance and our economy, is warning that the biggest danger facing our financial well-being isn't the huge federal deficit or the price of oil. The biggest danger is our trade deficit. Just yesterday the news arrived that our savings rate is at its lowest point since the great depression. You want a reason? As for the trade deficit, blame our tax code. The simple and brutal fact of the matter is that there is no major economic power in the world that places the tax burden on its business and industry that the United States does. You do realize, don't you, that these corporate taxes are a simple fraud. They're all a device to convince the American people that our wonderful elected officials have chosen to relieve us of a portion of our personal tax burden by transferring that burden to evil and greedy corporations. Our pathetic inept system of government non-education sets up Americans to believe such nonsense. As for personal savings, the tax code punishes us there also. You have to pay taxes on all the money you save, and then you have to pay taxes on all the interest you earn! Wow! What an incentive! Besides, why save anyway? Could it be that Americans are saving less and less because they are embracing the idea that when politicians are so eager to provide with our every want and need in exchange for our votes, why save? Every year we see more and more ideas floated for government-paid this, that and the other thing .... what's the point? I hear a lot of pundits telling us that the Democrats just don't have an agenda for 2006. Oh, and the Republicans do? And would someone please tell me what that agenda is? Fighting Islamic terrorism? That's great! But that's been the agenda for five years. This is a short attention span house the Republicans are playing to, and this "fighting terror" thing isn't going to go anywhere. Ending our dependence on oil? The same party that can't even get drilling started on that portion of the Alaskan National Wildlife Refuge that was set aside for that purpose is going to sell us a bill of goods on energy independence? Old hat. Old subject. Look at the list of issues. Trade deficit. Disappearing manufacturing jobs. Low savings rate. Tax reform is the answer to all of these problems. Sure, I favor the FairTax. It is the only tax reform proposal I've seen that addresses so many of the issues we are dealing with. Our current tax code is one that was designed by and for the benefit of politicians and lobbyists. It punishes achievement and rewards laziness. It punishes the voting blocks unimportant to politicians, and rewards voting blocks who keep them in office. Above all, the tax codes gives thousands of high-income Beltway lobbyists their fertile territory for exchanging campaign donations for changes in the tax code to benefit their clients. The president appointed a tax reform commission. I don't know how much money they spent, but whatever it was, it was a waste. This failure of a commission merely recommended a repeat of 1986. Get rid of more deductions, set up a few flat tax rates, and let 'er rip. That's the 1986 tax reform act all over again, and as soon as it was passed the lobbyists went to work. That bill has now been amended and changed around 10,000 times, and nothing is better. OK, I know I've been hammering this, but about 11 days ago there was a story in the Washington Post about the lack of Republican agenda. The story said that Republican congressmen were hearing from their constituents on gas prices and on the FairTax. One congressman, Zach Wamp from Tennessee, even "lamented" the fact that people are more interested in the FairTax than they are in changing Washington. Can it truly be that these politicians don't understand that the FairTax is all about changing Washington? Of course they realize it, that's why they're not on board! They know that passage of the FairTax would constitute a massive transfer of power from the inside to outside of the Beltway. These politicians want you to be taxed when they decide you should be taxed, not when you chose to be taxed. They want the control, and the FairTax takes that control away. They want to tell you how much you can save tax-free, not leave that decision up to you. There is good news. I've been reading literally hundreds of letters from hundreds of members of congress. These letters were sent to me by people across the country who received them as responses to their inquiries about their representatives stance on the FairTax. The politicians write back with excuses as to why they don't support the idea. The excuses belie a growing fear that the people of this country may have come across an issue that could do irreparable harm to the balance of power between the political class and the citizen class. The less these politicians hear about the FairTax, the better they like it. When they do address the issue, they find it necessary to misrepresent the FairTax in order to critique it. We have the vote, and that puts the advantage with us. All we have to do is use it. Sadly, that's a very tall order. In the meantime ... don't expect any real news from tonight's speech. I'll be sawing logs.
Yesterday the world's largest oil company, Exxon Mobil, announced their
quarterly profits. They
raked in $10.7 billion last quarter. That should
make their shareholders happy. That brings their total yearly profit to
$36.13 billion. That's a nice chunk of change.
I think this happened in REDNECK SCRAP BOOK I must not know my 10 Commandments, because I don't remember this one. More in the Redneck Scrap Book. READING ASSIGNMENTS | ||
WHAT THE HECK ARE THOSE POINTY HAND THINGS? These are links to each individual story on the Nuze, p-links for the geeks out there. Plus, they work today and they'll work tomorrow. Now you can easily discuss/debate/rip apart the Nuze without worrying about the links going bad. Enjoy! BOORTZ BLAST NEWSLETTER
NEAL'S FANS GET TOGETHER
Belinda Skelton, Ken Rogers, Laura Nunemaker and Brian Ganey assist in the daily preparation of Nealz Nuze! |
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
Already have an account? Sign In
{* #registrationForm *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Already have an account? Sign In
{* #registrationFormBlank *} {* registration_firstName *} {* registration_lastName *} {* traditionalRegistration_displayName *} {* traditionalRegistration_emailAddressBlank *} {* registration_birthday *} {* registration_gender *} {* registration_postalZip *} {* traditionalRegistration_passwordBlank *} {* traditionalRegistration_passwordConfirmBlank *} {* agreeToTerms *}We have sent you a confirmation email. Please check your email and click on the link to activate your account.
We look forward to seeing you frequently. Visit us and sign in to update your profile, receive the latest news and keep up to date with mobile alerts.
Don't worry, it happens. We'll send you a link to create a new password.
{* #forgotPasswordForm *} {* forgotPassword_emailAddress *}We have sent you an email with a link to change your password.
We've sent an email with instructions to create a new password. Your existing password has not been changed.
To sign in you must verify your email address. Fill out the form below and we'll send you an email to verify.
{* #resendVerificationForm *} {* resendVerification_emailAddress *}Check your email for a link to verify your email address.


You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}