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Neal Boortz’s Followers (23)
Neal Boortz
Born
in Bryn Mawr, Pennsylvania, The United States
April 06, 1945
Website
More books by Neal Boortz…
“Just what do we tax under our current system? Work, that’s what. Hard work and productivity. The harder you work, the more you achieve. The more you achieve, the more you’re taxed. To make matters worse, under our “progressive” income tax system, the harder you work, the more severe the punishment actually is!”
― FairTax: The Truth: Answering the Critics
― FairTax: The Truth: Answering the Critics
“The Social Security system is a $75 trillion problem. Again, just to give you a sense of scale: Let’s say you started a business the day Jesus Christ was born. Let’s say you weren’t exactly a good businessman, and your business lost a million dollars every day—right through yesterday. How much longer would it take before your losses added up to $1 trillion? About 718 more years should do it, give or take a few months. And that’s just one trillion. Multiply that by seventy-five, and you have the size of the Social Security problem. That’s the amount it would take to fully fund Social Security for all current workers and retirees. To realize the magnitude of the problem we’re facing, consider the fact that the total of all wealth in America is about $60 trillion. We could confiscate every item of value from every American household, including cash and investments, and apply the value to the problem—and still not have enough money to fund Social Security fully.”
― FairTax: The Truth: Answering the Critics
― FairTax: The Truth: Answering the Critics
“Let’s pause a moment to think about how much $1 trillion really is. Such large-scale economic matters are often discussed in terms of trillions, but how many people really understand how much a trillion is?
Let’s say you've been told you have to wait for something very special for one million seconds. How long would your wait be? A little more than eleven and a half days. But what if you had to wait for one billion seconds? Well, you’d be waiting a little longer: try almost thirty-two years.
And for one trillion seconds? We’ll round it off to 31,700 years.”
― FairTax: The Truth: Answering the Critics
Let’s say you've been told you have to wait for something very special for one million seconds. How long would your wait be? A little more than eleven and a half days. But what if you had to wait for one billion seconds? Well, you’d be waiting a little longer: try almost thirty-two years.
And for one trillion seconds? We’ll round it off to 31,700 years.”
― FairTax: The Truth: Answering the Critics
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