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RE: 3 Reasons Why The Fair Tax Should Replace The Income Tax

in #blog7 years ago

I really like this idea, but I think you missed the most important aspect. The qualification of resources and their fair valuation as a resource. By this I mean if a large corporation like Nestle drills into the earth to reach the Aquifer under someone elses land so that they can reach the water, they should be paying for the consumption of that water before the use it or sell it back to the consumer. It means that when land owned by the government and held in trust for the public is leased out to a mining or clearcutting operation, the trees and minerals should be given FAIR MARKET VALUE and the profits made by the government should go into the federal reserve to be held in trust, and part of that wealth should go to planting new trees and making sure areas arent over-mined or stripped then left to waste. Environment has value. Air, water, trees, minerals... it isn't for one company to plunder and get rich off of. Case in point, Norway, who gave its citizens payout for drilling the oil. The profits were put into education and infrastructure, not in some stockholders pocket.

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