Because he was probably tired of...
Because some of the authors on Mises have taken up bashing illogical tax schemes as a hobby.
Because the AFFT hasn't run out of suckers
The AFFT never runs out of suckers:
Posted on 10/19/2006 5:11:50 PM PDT by pigdog
As specified in Congressional bill H.R. 25/S. 25, the FairTax is a proposal to replace the federal personal income tax, corporate income tax, payroll (FICA) tax, capital gains, alternative minimum, self-employment, and estate and gifts taxes with a single-rate federal retail sales tax. The FairTax also provides a prebate to each household based on its demographic composition. The prebate is set to ensure that households pay no taxes net on spending up to the poverty level.
Bill Gale (2005) and the President’s Advisory Panel on Federal Tax Reform (2005) suggest that the effective (tax inclusive) tax rate needed to implement H.R. 25 is far higher than the proposed 23% rate. This study, which builds on Gale’s (2005) analysis, shows that a 23% rate is eminently feasible and suggests why Gale and the Tax Panel reached the opposite conclusion.
This paper begins by projecting the FairTax’s 2007 tax base net of its rebate. Next it calculates the tax rate needed to maintain the real levels of federal and state spending under the FairTax. It then determines if an effective rate of 23% would be sufficient to fund 2007 estimated spending or if not, the amount by which non-Social Security federal expenditures would need to be reduced. Finally, it shows that the FairTax imposes no additional real fiscal burdens on state and local government, notwithstanding the requirement that such governments pay the FairTax when they purchase goods and services.
(Excerpt) Read more at people.bu.edu ...
see #1017
Bigun is channeling someone...
Anyone following your posts to this thread could reasonably assume that you do since we absolutely DID suffer it ands no one had ever heard of the FairTax at the time.
Why don't you answer my question, and then I'll answer yours. I asked first...
If the FairTax were proven to cause 15% or more inflation, would you support it?
Since you have repeatedly avoided my inquiry and have blatantly tried to muddy the water with irrelevant rhetoric in trying to infer that I have avoided your question, I'll restate my question to you for, what, the fourth or fifth time. Here goes. (can't wait to see what you come up with this time.):
You have stated on various threads that the FairTax will create instant inflation of upwards of 30% across the board in this country. Since such an event would be catastrophic my question is this: We have examined the work of many economists on these threads and no where is this addressed as a major catastrophic event. Why would the major economists omit such a dire event from the outcome?
Sorry all, I put it in bold because I wasn't getting anywhere in plain old Times New Roman. If anyone needs any further clarification of the question please let me hear from you. It seems very simple indeed but Rob can't seem to understand it so maybe I need to rephrase it.
And please tell us who is the author of post #1017 since we know it isn't you...
Not so! But obviously RobfromGa is loosing the argument and getting REALLY desperate!
Ha Ha! Very phunny! LOSER!
Why would you think I would have any idea why any economist has done anything at all to consider any aspect of the FairTax plan? It is a stupid question. Maybe because they haven't been paid to analyze it, maybe because they've never heard of it, maybe because it has such a small amount of support that it isn't worth their time?
I'm amused that you would think that your question is even considered to be a real question.
I'm not losing any argument, I just think it is funny that you are getting your posts from a third party! That's pretty funny, and it is obvious from your post #1017 where you refer to yourself in the third person, that this wasn't written by you. No big deal, just pointing out that you all work in packs.
You are COMPLETELY nuts! That is the ONLY explanation.
Come on, you surely can read #1017 and see that it wasn't written by you...
YOU told a lie, got caught at it and are now throwing up chaff to try and obscure the fact.
Sorry but no dice!
RobFromGa doesn't lie...
Glad you aren't anywhere near me! Lightening you know!
We have something that remotely resembles an answer. It only took two days (or so).
If economists ignore it why did 75 of them go to the trouble to draft a document in support, sign it and deliver it to Washington?
Why did Jorgenson bother to send you an e-mail? Why does the Mises Insitute have articles on it? Why are we all constantly linking to economic studies?
Now, as to your question to me. If the FairTax cause 15% inflation would I still support it? If you can prove that it would cause 15% inflation I probably wouldn't. Then again, if you can prove it I might go buy some CEF shares and really support the hell out of it.
Why not anwswer #921 why you're at it:
robfromga to groanup: "I've said on this very thread that prices would go up about 18-25%, and explained why. And I've said that dollars saved after-tax would therefore see a deflation in value of the same amount. Do you dispute that this would happen under the FairTax at least initially?"
Do I get two days to answer?
They were probably solicited by the AFFT. Did you see that 650 "economists" supported hiking the minimum wage in a signed letter.
Why did Jorgenson bother to send you an e-mail?
Because he was probably tired of having the AFFT lie about what his testimony meant, and didn't want to end up as a laughingstock, and because I asked him a question.
Why does the Mises Insitute have articles on it?
Because some of the authors on Mises have taken up bashing illogical tax schemes as a hobby.
Why are we all constantly linking to economic studies?
Because the AFFT hasn't run out of suckers to donate money to prepare more fraudulent studies. Yet.
Because he was probably tired of...
Because some of the authors on Mises have taken up bashing illogical tax schemes as a hobby.
Because the AFFT hasn't run out of suckers
The AFFT never runs out of suckers:
Take your time, the FairTax plan isn't going anywhere.
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