Why would you have to replace the IRS? The money is still in the country, it's just in the hands of the citizens and not the Federal Lobbyists. Necessary goods and services can still be purchased, without Wall Street skimming off the top or paying for a tax collecting bureaucracy. Paul wants to make social security an opt-in system. You wouldn't have a collection issue, because anyone who doesn't pay in, doesn't get the benefit. Of course he doesn't. But we seem to have forgotten something about diplomacy and bi-partisanship. The President has a vision, and then he has a few options. He can abandon it, he can work to build support for it, or like GWB, he can just steal the power to do it. Frankly, with how pathetic and weak-kneed Congress has been, the President can do quite a lot.
Yeah, to hell with all the evidence and officials' admissions. If FoxNews claims that UFOs don't exist then they don't exist.
I don't know if they claim they do or not...but at least they arn't claiming to have actually SEEN one...
Who would believe them even if they did, anyway They go as far as claiming that there are Muslim terrists and that Ron Paul's stuffers sabotage polls and he blew up the twin towers
The reason you would have to replace the IRS is that you would have to collect the other 1/3. Business are not going to voluntary pay taxes especially if there is no one to enforce penalties on them for not doing so. I would love an opt-in system for social security since I would opt out and I would suspect I lot of other younger people would also opt out of social security. The problem then become where do you get the money to pay for the social security and medicare for people who are on social security and medicare now or about to collect if there are large amounts of people opting out since both programs are a pay as you go systems there are no account full of money to take from. The problem become you have no money coming enough or not enough and more money going out.
You don't have to replace the 1/3 if you cut government spending. For so many years, our government has worked in only one manner: "should we spend money on this new program, or not?". We only debate new programs, without ever evaluating some of the crud we already fund. What Paul wants to do is cut down what our government spends in a number of areas, and then in turn, we don't need the income tax any longer, since we won't need the extra income for our federal budget. Businesses are going to pay taxes; they already do. Corporate income tax, along with other taxes, accounts for the rest of the federal budget. Paul doesn't want to touch that, just focus on eliminating the income tax. I'll let Tesla or Guerilla explain social security for you; I'm not as much of an economic guru, they can articulate a lot better how Paul's plan would work, and how it can work. P.S. As far as eliminating the IRS; the IRS is mostly responsible for individual income tax; while they also handle corporate income taxes to the best of my knowledge, the IRS could be severely downsized or entirely eliminated and replaced with something concerned with only corporate income tax if need be.
Listen I'm all for a smaller government, but I'm also live in reality. If you let people opt in or better yet opt out of social security I would guess about 60-70% of the people would opt out of it. That means there is no income coming in to pay the current retires on social security or not enough to cover them. Then there questions arise like what happens when people opt out of social security but run into economic hardships later on do you let old people starve to death because they opted out when they were younger? Also without the IRS how is the government going to gets it's income from business?
I don’t think you guys understand what it means to cut the IRS its just not cutting the payroll tax, The United States budget is 2 and some change trillion dollars a year, getting ride of the IRS would mean we would need to replace it with something to continue collect taxes and make sure that the people who still need to pay still do pay. If you don’t replace it how are we going to pay out debt holders the interest that we owe them. Its funny since most of you cry about the falling dollar, get ride of the IRS and see how fast the dollar falls.
Look, Ron Paul wants to keep corporate taxes and get rid of personal income taxes. How do you do it? Cut Spending. You have to cut spending before you cut the income of the government. And thats exactly what RP wants to do. BTW, getting rid of the IRS and the spending it funds wouldn't do anything to the dollar. But it would mean that Americans get an instant 20% pay raise.
Not only that, I don't see how you can say you're for small government and at the same time support the nanny state mentality. There are homeless people starving to death in every major city in our country and some small cities too; do we have a 'buy the hobo a burger and a bottle fund'? The whole point of opting out is that people would have the personal freedom and responsibility to handle their investments for retirement, without being forced into the SS ponzi scheme. Notice I say freedom and responsibility; not only can you do it freely, the government (and in turn other people's taxes and incomes) won't be standing behind you ready to catch you when you fall. You are responsible to live your life; this is at the very root of many libertarian ideals, and for some reason, many people would rather have government babysitting them from birth to death.
It doesn't need to be replaced. You could get a greater benefit to the economy by returning the wealth to the consumers, and the Income tax accounts for less than 40% of spending. Which means that our $1 trillion a year in foreign adventurism could come to an end, and everyone would have more money for everything, with few cuts to the social welfare system. Then when you clean up the bureaurcacy, you actually have a government surplus, which is used to service and pay down the debt. What is your rationale for this statement?
Not true, there isn't any co-relation between what comes in and what comes out. In brief, it's a scam to redistribute wealth from middle class to the super rich. Congress operates it the same way as Ponzi or Mavrodi operated theirs, just on a larger scale and using police force of the state. The money is taken in and spent by the Congress, lobbyists, and government contractors. Some of the money is spent on ad campaign to ensure that "clients" are under impression that the scheme is legitimate and the money keeps flowing. In reality, the money in SS trust is not earmarked for retirement payouts and most of it has been spent by the trustees.
I'm all for cutting spending but it’s very hard to do so when 435 congressmen are all trying to protect their interest group and attack your spending cuts.
2/3 of our budget goes towards Social Security, Medicare and Military. About 800 billion is discretionary spending which is what congress has control over. You cut 40% of personal income taxes you have a huge whole in the budget which can not be addressed with corporate taxes alone. I understand there is a lot of bureaurcacy in government but not a trillion dollars worth of it. The rationale behind getting ride of the IRS and having the dollar fall is this, People buy American bonds because they are secure and they get a decent return based on the risk associated with them. Part of the reason they are secure is because of the IRS ability to tax future income makers and pay the interest on the bonds. If people fear that they won’t get paid their interest and principle from the bonds that they bought from the united states government then they will dump them in a second, get American dollars and convert them to their local currency which would cause a run on the dollar.
You have no idea how the social security program goes because if you did you would of not used the words SS Trust because there is no trust because the money never says in the government, people pay in weakly through the paychecks and the money goes out through Social security payments to elderly people. Any extra money is goes to the general fund and is spent by congress in return congress gives the social security administration an IOU for the funds spent.
Social Security fund is a trust The money doesn't go "out through Social security payments to elderly people", it's stolen by the Congress and distributed among lobbyists and corporate contractors