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WSJ Economist: Ron Paul's 0% income tax would be world's greatest job creator

• wallstreetjournal.com

During the January 16th debates in Myrtle Beach, South Carolina, Presidential candidate Ron Paul laid down a bombshell by advocating his goal of gradually lowering the personal income tax to 0%, while at the same time shrinking government and finding new sources of revenue for Washington to use to perform its duties.  In response to this, economist and Senior editor for the Wall Street Journal not only agreed that Congressman Paul's plan was feasible, but it would also be the greatest job creator for a nation in the history of the world.

Judge Napolitano:  But the biggest sound bite of last night comes from another cowboy from Texas.  Congressman Ron Paul, whos tax ideas outgunned his opponents.

Ron Paul:  We should have the lowest tax that we’ve ever had, and up till 1913 it was 0%.  What’s so bad about that?

Debate moderator:  So you’re answer is 0?

RP:  Zero

JN:  Zero!  Joining me now to discuss abolishing the income tax is a man who’s no stranger to studying and analyzing taxes.  He’s Steve Moore, head of the editorial board of the Wall Street Journal.

JN:  Can we take Congressman Paul seriously at his word?  That were he to be nominated and elected President, he would move to reduce the income tax rates to zero, or as he says, gradually abolish the income tax, shrink the government down to its Constitutional size, and force it to go to other resources for cash.

 

9 Comments in Response to

Comment by Joseph Vanderville
Entered on:

Is Ron Paul acting like a voodoo man in the jungle of the Great Amazon River? His goal is "… gradually lowering the personal income tax to 0%, while at the same time shrinking [the] government …" Only a drunk would endorse Ron Paul’s 0% income tax.

The U.S. Government is much larger than his head. No black magic can shrink it to the size of his fighting fist no matter what incantation his followers would make.

I will tell you an experienced true-to-life anecdote of a drunk endorsing a 0% tax..

In one of the ASEAN Tax Treaty Negotiations I attended, a colleague from Brunei Darussalam seated next to me [a scholar who studied taxation in London School of Economics] went on record asking an apology that in the previous day’s plenary session right after the Reception [when there was too much champagne and vodka], he was drunk when he suggested that like Brunei, the United States and U.K. should be better off without income tax. He said it was meant to be a "joke" and he made a motion to strike it off the record.

Nobody was laughing. Across the conference table, the delegates were just staring at each other stone-cold. Since the conferees appeared frozen in their seats, I seconded his motion to delete his previous remarks from the record. It was carried out with a few reservations, and the Chairman cautioned him to be more careful next time.

Brunei Darussalam has no personal income tax. Rich in oil, the Government pays for all public expenditures … building expensive first class roads, government spending for one of the world’s most beautiful architectural infrastructures constructed by foreign engineers, and for providing almost all the needs of the 395,027 population [2011 census].

It is the same in the case of the 9,322 population of Nauru Island in the Pacific Basin. No income tax … the Government takes care of everything. The tiny island of Nauru is just 8 square miles in size, which is 2,500 miles northeast of Sydney, Australia.

Nauru or Brunie is the best country for Ron Paul and his followers to live, to enjoy life in a world without income tax -- not here in the United States where to them income tax makes the country a hell of a place to live.

In any of these two countries, Government will provide Ron Paul and his followers everything they need – that Big Government they hated so much and want to destroy will take good care of them for as long as they live.

And fighting for the abolition of income tax in the United States, Ron Paul and his followers now ask: Why not get rid of income tax and like the people of Brunei and Nauru make Americans happy?

Well, only NUTS would think that the United States is like Brunei and Nauru where no income tax is possible.

Finally, Americans are not like the people of Nauru and Brunei who cannot live without Big Government. Americans do not and cannot live like them.

Ron Paul’s followers argue that there was no income tax before and people are happy.

That’s true. There was no income tax at the time when Homo erectus and the Neanderthals lived in the caves and enjoyed life as they please.

But who wants to go back to that time? Only Nuts would want to go back there in time. Return life in America back to the cave, are you kidding? Anyone who wants that is a hopeless case …a case of mental illness that I am sure could no longer be cured!

Now, would this still not make you understand why Ron Paul’s weirdest dream for America is a hopeless case, and why he is more than just "unelectable"?

 

Comment by Anonymous
Entered on:

For instance, who wants to personally pay for the detention camps THAT WE FINANCED IN IRAQ? TODAY'S NEWS IMPLIES ONLY ONE "SECRET" CAMP IN IRAQ??? OMG. I knew about that a couple years ago from people who were there in the army and even wrote about it a few days ago. The States take care of most of our needs. Yes, we are now dependent on Fed. Gov, especially our military employed. The criminal elite put all the little guys out of business and we are increasingly becoming SLAVES TO BIBLICAL prophecy of satans armies. THIS IS HOW WE FIGHT FOR FREEDOM OF IRAQ???

Comment by Anonymous
Entered on:

And the guy, being a brilliant economist, as you state, if I am correct, perhaps he had to get drunk to state the REAL TRUTH.  (People get killed for that kind of speech, especially with his background)....  I would tend to agree.  Of COURSE no one laughed.  Because they know what the elites do if you rebel and/or become a threat.  Believe me, I know.  Been there.

Comment by Anonymous
Entered on:

No one would argue with all of us chipping in a FAIR share to make life better for others (what we hope our income tax will do.  It is when the honey in the pot isn't going where it is supposed to that a lot of us would rather take it back into our own hands.  Most of us don't appreciate funding wars, inflated prices for construction projects that get frequently torn down and re-constructed.  There is a HUGE amount of misappropriation and waste. 

 Sometimes you just need to take away the governments' honeypot when they abuse those privileges.  Maybe some of them need to be without that income that they are so used to lining their pockets with on the side...  Maybe the will understand what it is like to be one of their constituents.  Hell, I wouldn't mind.  The states could take over where the Feds left off.

Comment by Joseph Vanderville
Entered on:

I will help you understand … and clear up your mind of what obviously you don't and cannot understand.

Only a drunk would suggest that income tax should be abolished in the United States.

In one of the ASEAN Tax Treaty Negotiations I attended, a colleague from Brunei Darussalam seated next to me [a scholar who studied taxation in London School of Economics] went on record asking an apology that in the previous day’s plenary session right after the Reception [when there was too much champagne and vodka], he was drunk when he suggested that like Brunei, the United States and U.K. should be better off without income tax. He said it was meant to be a "joke" and he made a motion to strike it off the record.

Nobody was laughing. Across the conference table, the delegates were just staring at each other stone-cold. Since the conferees appeared frozen in their seats, I seconded his motion to delete his previous remarks from the record. It was carried out with a few reservations, and the Chairman cautioned him to be more careful next time.

Brunei Darussalam has no personal income tax. Rich in oil, the Government pays for all public expenditures … building expensive first class roads, government spending for one of the world’s most beautiful architectural infrastructures constructed by foreign engineers, and for providing almost all the needs of the 395,027 population [2011 census].

It is the same in the case of the 9,322 population of Nauru Island in the Pacific Basin. No income tax … the Government takes care of everything. The tiny island of Nauru is just 8 square miles in size, which is 2,500 miles northeast of Sydney, Australia.

Nauru or Brunie is the best country for Ron Paul and his followers to live, to enjoy life in a world without income tax -- not here in the United States where to them income tax makes the country a hell of a place to live.

In any of these two countries, Government will provide Ron Paul and his followers everything they need – that Big Government they hated so much and want to destroy will take good care of them for as long as they live.

And fighting for the abolition of income tax in the United States, Ron Paul and his followers now ask: Why not get rid of income tax and like the people of Brunei and Nauru make Americans happy?

Well, only NUTS would think that the United States is like Brunei and Nauru where no income tax is possible.

Finally, Americans are not like the people of Nauru and Brunei who cannot live without Big Government. Americans do not and cannot live like them.

Ron Paul’s followers argue that there was no income tax before and people are happy.

That’s true. There was no income tax at the time when Homo erectus and the Neanderthals lived in the caves and enjoyed life as they please.

But who wants to go back to that time? Only Nuts would want to go back there in time. Return life in America back to the cave, are you kidding? Anyone who wants that is a hopeless case …a case of mental illness that I am sure could no longer be cured!

Now, would this still not make you understand why Ron Paul’s weirdest dream for America is a hopeless case, and why he is not just "unelectable"?

Comment by Ed Price
Entered on:

I have talked to good, church people who have been so brainwashed by mistaken church leaders regarding the payment of taxes, that they seem think that the payment of income taxes is a Bible-required thing, and that it would be EVEN IF THERE WASN'T ANY INCOME TAX LAW at all!

Has anyone else had this experience?

Comment by Ed Price
Entered on:

Since nobody else has commented on the idea of 0% income taxes, Ron Paul will have a lot of advertising to do to get the message to people. I would have thought that this kind of thing would be top priority on the minds of many people.

Comment by Ed Price
Entered on:

Here's why it would be extremely beneficial to Government to get rid of the income tax.

As Ron Paul says in the video, prior to around 1913, there were no income taxes. And the country prospered without them. And also, the Government would find other ways of financing itself.

Probably the biggest benefit to come to Government from dropping income taxes would be the disorder among the patriot groups.

The 2 main areas the patriot groups are fighting in are income taxes and illegal drugs. If BOTH of these areas of antagonism were removed by Government, the whole patriot organizational network would fall to pieces.

Government is smart enough to get its money elsewhere. And it could start fresh in some other unConstitutional direction any time it wanted... but now, without the patriot groups around to fight back.

Comment by Ed Price
Entered on:

In case you missed it, here is a campaigning theme that should attract millions of voters, if advertised properly.


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