"-- Taking 50% of my income or 50% of what I spend amounts to the same thing --"
You miss the big picture. you are sitting here where income taxes are imbedded in the cost of everything made HERE but nothing made elsewhere.
You get frustrated that the finished imported products sold in Walmart cost less that what it would cost to buy the raw materials here.
There are two partys in the global market that supplies Walmart, -- domestic that pays all the taxes and imports that don't.
You will slowly die of starvation unless that imbalance can be changed.
8 dd2
Well put, det dweller...
None of the above 'pro income tax' people can explain ~why~ they want our present insane system to continue.
Could it be that they all have some sort of vested interest in business as usual, and don't care if this Republic is on the road to serfdom? --
Bet on it.
Could it be that they all have some sort of vested interest in business as usual, and don't care if this Republic is on the road to serfdom?Or maybe some of us think it's just a bad idea.
If the FairTax is such a great idea, why do its proponents have to misrepresent it in order to try to gain supporters?
And why do they have to demonize those who honestly disagree with their plan, and make incorrect statements alleging that these opponents are acting for some terrible secret reason?
Personally having just sent in my final gigantic payment to the IRS for my 2005 taxes, I would pay less under the FairTax at the outset. But I happen to believe that the plan would do serious damage to our economy and likely cause the end of whatever political party is stupid enough to make such as rash modification.
This FairTax pipe dream has zero chance of passing.
A comment worthy of a Fairtax supporter: fallacious premise, fallacious interpretation, fallacious conclusion, in short, another pack of lies.
I (we) have explained numerous time why we dislike the FairTax:
- It is marketed using a misrepresentations and outright lies.For these reasons (and more) I do not support the FairTax. If you're going to attempt to represent my position, do it accurately or do not do it at all.- It's supporters immediately descend to name-calling and character assassination with anyone who dares point out the flaws of the FairTax.
- It will likely sink the economy into a deep recession before any of the anticipated economic benefits can begin to take hold.
- It will penalize fixed income consumers as prices rise but their incomes do not.
- As advertised, it will raise insufficient revenue to replace the current tax system necessitating a substantial rate increase, or substantial deficit spending (anyone who thinks spending will be cut the first few years is delusional.)
- It will necessitate substantial increases in State and Local taxes so they can pay their share of FairTax revenue.
- It will flow substantially more money through the hands of the Federal Government than today's system increasing waste, lowering the velocity of money, and creating a massive magnet for political favoritism (the prebate)
- It relies on decade old simulations that do not properly model the economy and didn't accurately predict the behavior of the economy over the decade since publication.