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To: pigdog
It looks like my goal is to leave the US for better tax haven's in my retirement, as the beguiled children here will only vote for robbing their forefathers of their providence for their wherewithal and direction.

Without a doubt, others will join you in taking your spending elsewhere. At a 30% federal rate, if we believe the FairTax hype, plus whatever the state and local rates turn out to be, it would be foolish not to.

What steps will government then take to bring retirement money and spending back home?

545 posted on 10/23/2006 8:13:34 AM PDT by lucysmom
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To: lucysmom
"What steps will government then take to bring retirement money and spending back home? "

The very "steps" that are embedded as part and parcel in the bill ... making the U.S. the world's largest tax haven.

If embittered individuals choose to leave the US, they're certainly free to do so - but that's been going on for a long time now due to the income tax. More will undoubtedly be returning with their capital once they see the FairTax has passed. They'd be foolish from an economic standpoint not to.

573 posted on 10/23/2006 1:08:22 PM PDT by pigdog
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