Roanoke Area FairTax

As I’ve been stating for many years, Tax Reform and Social Security Reform should not be treated as separate issues. Only the FairTax takes into consideration and cures both. Social Security gets its usual treatment by the media and various pundits. ” We need to raise the tax rates.” ” We need to cut benefits.” ” We need to raise the retirement age.” These are the often-discussed options. All are wrong and unnecessary.  To find a cure, you must first define the problem. I will not go into the spending habits of Congress, that’s another subject.

The problem we face with Social Security is the unbalanced ratio of payers to beneficiaries. The politicians and the media look at these groups with different criteria. The payers are always the people who draw paychecks and have taxes deducted. The beneficiaries are the entire population. This is an apples and oranges comparison. Since everyone in the country can collect Social Security in some form, why shouldn’t everyone who sets foot on U.S. soil pay into the system? We have an estimated annual underground economy that generates in excess of $1.5 Trillion. No taxes are paid here. 55 million tourists visit here each year and spend an average of $5,000 each. No Social Security taxes paid here either.

With the FairTax everyone who sets foot on U.S. soil will pay into the system. Without question there are many more issues that the FairTax addresses. Unfortunately, the FairTax will not bring about Utopia. It cannot cure the apathy and ignorance of the general public. It cannot cure the blindness of the media. It cannot erase the wealth envy that is so ingrained in the minds of some people. It cannot change a power hungry politician into a true statesman, not immediately anyway.

To those who may read this and are not quite up to speed on the FairTax I suggest you log onto www.fairtax.org

I’ve centered on Social Security here, I should have said this includes Medicare and Medicaid. I look forward to future letters addressing other issues the FairTax takes care of.

Tom Kropewnicki

Powell, TN

 

  

 

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