Saturday, August 28, 2004

Marlene Tobin, Americans For Fair Taxation (AFFT) PA State Director recently requested feedback from all candidates regarding their "Fair Tax" position. AFFT currently has a score card on their web which lists all incumbents and their position on FairTax. They are planning to post an updated FairTax scorecard on their State website listing each incumbent and candidate running for election in 2004. Here is an abstract of the Bill and my response.

H.R.25
Title: To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

As I see it, on top of credit card, car, and mortgage payments and interest, approximately $9.96 is the laboring man's debt to the owners of the Federal Reserve for each $10.00 of his labor. Here's how:

The "bill" which a laboring man perceives he has earned for his labor cost the Federal Reserve approximately4.2 cents to print - regardless of its denomination. In reality this means that for every $10.00 of a man's labor, he is in debt approximately $9.96 to the owners of the Federal Reserve; $19.96 for every $20.00, and $99.96 for every $100.00.

Should the proposed "national sales tax" be implemented at a typical 7% using the current currency: For every $100.00 purchase the American buyer makes, he or she will be indebted approximately $107.00 to the owners of the Federal Reserve, $21.40 for a $20.00 purchase, and $10.40 for every $10.00 purchase. Should the buyer use a debit card, the owners of the Federal Reserve's profit will increase by, at least, $.04.

Although this "national sales tax" - in reality - is somewhat better than the IRS' approximate 20% rate of extortion on the working man or woman's labor, it still does not meet the Constitutional criteria for a lawful monetary system.

It is my opinion that a "national sales tax" will not resolve the economic realities that are brought about by a debt based monetary system that is owned and operated by a cartel of private bankers; a Plutocracy.

From the "Title" definition of H.R.25 as found on the web, and the reasons given above, I will answer:

d... "Leans Against Support of HR25"

Thank you for requesting my feedback. I hope you will consider refocusing the energy of Americans For Fair Tax in a manner consistent with the founding principles of our Constitutional Republic.

Candidate Veronica Hannevig (District 10 PA)

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