Douglas Fowler's Blog – April 2012 Archive (2)

I think for many of us it's becoming increasingly clear that raising income is a secondary use of the income tax in today's political environment.  The primary use is to turn people's bank accounts into political footballs by punishing certain groups and rewarding their buddies.  In today's environment, the Buffett rule is a perfect example of that.  The actual tax wouldn't raise much money at all, but the Democrats who support it clearly don't care!  Their main objective is to punish…

It's truly a sign of how enlightened the Fairtax community is when we see people in Washington trying to make our tax code more fair with a needlessly complicated "Buffett rule" when we all know that the Fairtax solves this fairness issue by removing the "capital gains loophole" that Warren Buffett and Mitt Romney alike have taken advantage of.  It truly is a travesty that Warren Buffett's secretary pays a higher percent of her income to the government that many multi-billionaires, but…