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To: GregoryFul
Foreign tourist buying taxable consumption items in the US would pay the FairTax on those purchases. There is no rebate of the FairTax as there would be with a VAT.

I would think that with interest rates falling due to the FairTax there would be an appreciation of bond prices, but I'm not close enough to that market to predict. Perhaps groanup could better assess that.

I can understand your concern for financial confidentiality. If you'd like to get a real assessment on how you would fare under the FairTax you could send the particulars to me by Private Mail and any information disclosed to me would be kept strictly confidential providing you reciprocate in the same confidentiality in communications from me.

If you don't wish to do so - no harm, no foul. I think you may be misgauging the impact the FairTax would have on you however and that's the reason I make the offer.

620 posted on 10/23/2006 6:20:58 PM PDT by pigdog
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To: pigdog
If you'd like to get a real assessment on how you would fare under the FairTax

I think that I have a generally good understanding of how the FairTax would impact my particular circumstance - and I think it would be very costly to me in terms of what I could trade my actual $'s for in the above ground economy should the "FairTax" be enacted. And it would be costly to many others who are similarly situated.

Any change in tax policy will have winners and losers - I believe that the government ought to compensate the losers and charge the winners when proposing a bill for a significant change. Why not, that would be "Fair" would it not? And consistent with the spirit of the original Constitution. Why should the federal government essentially take my property without due compensation, when such is prohibited by the Constitution?

The same kind of complaint is raised by land owners who face increasing regulation of land use imposed by the Federal government, without due compensation. Bill by arbitrary bill encouraged by other private activists, usually donating buckets of money, bends the legislature to impair use of another citizen's land, and ultimately, its market value, without compensation. It is wrong, and unconstitutional.

Sure, spitting in the wind, notably in light of Kelo, but right.

628 posted on 10/23/2006 7:13:13 PM PDT by GregoryFul (There's no truth in the New York Times)
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