Comment: Ladies and Gentlemen: My book Acquisitivity was written partly to inspire and inform exactly the kind of fundamental tax reform you are presently considering. In essence, acquisitivity is the feature of human nature designed by our Creator to make productive use of resources more efficient, thereby greatly assisting our hopes for progress and survival. Being an element of the divine design of human nature, the propensity to acquire property is not evil, nor is it a violation of morality such as greed is. Thus, acquisitivity should not be punished by taxation as public policy has done for the past 100 years. The production of income (resources) should not be taxed at all, so long as those resources continue to be used in the productive process. However, to the extent such resources are pulled from the productive process and expended for consumption, this provides an opportunity to require a portion of the consumed resources for support of government. A broad-based tax on consumption is the best avenue for financing the federal government, and the Fair Tax Act of 2005 (HR 25, S 25) gets us there most promptly and efficiently by replacing all income taxes, estate and gift taxes, and payroll taxes with one simple consumption tax on new goods purchased for consumption. I hope you will thoroughly consider the ideas stated above and in my book, and that your recommendations lead our nation to a better, more productive era for our children and grandchildren under the Fair Tax Act. Sincerely, Wayne Jett Pasadena, CA 91105 |