The GOP, America’s “Party of the Rich,” will love this.
First, some background:
The United States Attorney for the Southern District of New York announced today that DINESH D’SOUZA was sentenced in Manhattan federal court to five years of probation, with eight months during the first year to be served in a community confinement center.
He pled guilty to violating the federal campaign election law by making illegal contributions to a United States Senate campaign in the names of others.
Manhattan U.S. Attorney Preet Bharara stated: “Dinesh D’Souza attempted to illegally contribute over $10,000 to a Senate campaign, willfully undermining the integrity of the campaign finance process.
Like many others before him, of all political stripes, he has had to answer for this crime – here with a felony conviction.”
This extreme right-winger was one of the many crooks pardoned by Donald Trump. The irony is that he broke campaign laws and produced a phony movie blasting Democrats for — you guessed it — breaking campaign laws.
Now he has a suggestion for the GOP, America’s “Party of the Rich,” they are bound to love, for it combines the two things they most desire. Ending the IRS and taxing the lower income more.
Dinesh D’Souza on Twitter:
“The House GOP should pass a bill basically wiping out the IRS and the tax code and instituting a flat tax of 15%.
The rich pay more, but they pay at the same rate.
This won’t become law now, but it can become a central plank for Republicans in the 2024 presidential election.”
The notion of “wiping out the IRS” has some merit. Our Monetarily Sovereign government neither needs nor uses the tax dollars (or any other dollars) that come into the Treasury.
In fact, federal taxes begin in the M2 money supply measure, but upon reaching the Treasury, they cease to be part of any money supply measure. They are effectively destroyed, disappearing into the Treasury’s infinite money supply.
The IRS is not on anyone’s list of favorite federal agencies, but no one dislikes them more than the rich do.
If you’re salaried, there’s not much you can do about income taxes and virtually nothing you can do about payroll taxes. The rich continually try to game the system by stretching the meanings of tax laws to the breaking point.
I’m pretty well off, but even I can’t begin to imagine the Byzantine translations of tax laws that the wealthy use.
You undoubtedly have read that you paid more taxes in the past 15 years than did billionaire Donald Trump. We all did because he paid virtually none.
Now he is being investigated and may even have to pay a bit. You can be sure he and his fellow billionaires despise the IRS.
The main problems with felon D’Souza’s recommendation are:
- He believes (or only claims) federal taxes are necessary, and
- He advocates a flat tax to replace the current graduated tax.
Number 1 is false. Federal taxes do not fund federal spending. Federal tax dollars are destroyed upon receipt.
The non-funding purpose of federal taxes is to control the economy by taxing what the government wishes to limit and by giving tax breaks to what the government hopes to encourage.
This could be accomplished without taxes simply through rewards and non-tax penalties.
Number 2 reflects the very rich’s desire to widen the income/wealth/power Gap between them and those below them.
The flat tax is the anti-equalization version of the graduated tax. The ostensible purpose of our graduated tax system is to narrow that Gap.
Sadly, it has been perverted by the numerous tax breaks afforded to the rich that are not available to the rest of us.
As weak as our graduated system is, the flat tax is worse. It is the ultimate dream of the rich and their lackeys, the Republicans.
The reality would be that tax breaks would not disappear, but the published tax rates on the rich would decline to 15%.
In short, a convicted felon, “right-wing conspiracy wingnut,” and mouthpiece for the rich has made two suggestions for further enriching the rich. We now await his applause from the GOP.
Rodger Malcolm Mitchell
Twitter: @rodgermitchell Search #monetarysovereignty
Facebook: Rodger Malcolm Mitchell
The Sole Purpose of Government Is to Improve and Protect the Lives of the People.