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Why The Fair Tax WILL Work, A response to Bartlett's Unfair Attack on the FairTax
www.FairTax.org and Tax Notes ^
| January 15, 2008
| Laurence J. Kotlikoff
Posted on 02/17/2008 7:34:33 AM PST by DivaDelMar
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What Bartlett failed to disclose is his personal interest in maintaining the status quo. If the Fair Tax passes and the President signs it into law, all of Bartlett's "knowledge," "expertise," and life's work would be rendered irrelevant and obsolete by the stroke of a pen. That inconvenient fact provides ample incentive to unfairly vilify the Fair Tax proposal.
To: Man50D
2
posted on
02/17/2008 7:35:13 AM PST
by
DivaDelMar
(CRAm member-- (Conservative Republicans Against mcCain) Think you're entitled to my vote? CRAm It!!!)
To: DivaDelMar; xcamel
In the interest of fair disclosure.
What is your interest in seeing the Fair Tax implemented? How will you personally benefit?
3
posted on
02/17/2008 7:37:38 AM PST
by
mad_as_he$$
(John McCain - The Manchurian Candidate? http://www.usvetdsp.com/manchuan.htm)
To: DivaDelMar
4
posted on
02/17/2008 7:39:39 AM PST
by
GeorgiaDawg32
(I'm a Patriot Guard Rider..www.patriotguard.org for info on joining.You DON'T have to ride to belong)
To: DivaDelMar
Tax Reform? Fuggedaboutit!
5
posted on
02/17/2008 7:41:51 AM PST
by
Don Corleone
(Leave the gun..take the cannoli)
To: DivaDelMar
If it was ‘fair’, it wouldn’t need rebates. Fair is in the eye of the begetter.
6
posted on
02/17/2008 7:43:43 AM PST
by
ex-snook
("Above all things, truth beareth away the victory.")
To: mad_as_he$$
I guess she isn’t interested in the more recent developments where LJK and DJ have backed of their original extraordinary claims. Go figure.
7
posted on
02/17/2008 7:52:45 AM PST
by
xcamel
(Two-hand-voting now in play - One on lever, other holding nose.)
To: DivaDelMar
It’s the whole rebate part that puts me off... why should the poor be exempt from sales tax on “essentials” while the middle class and rich are not. Doesn’t sound “Fair” to me. Why not just exempt certain items from a national sales tax?
To: DivaDelMar
Thanks for the excerpt, but what I found more interesting is what you conveniently did not excerpt. From Kotlikoff paper:
......FairTax.org-sponsored research acknowledging that wages must fall if consumer prices dont rise and that consumer prices must rise if wages dont fall
Thanks. I have been called a liar well over a 1000 times by fairtax supporters for stating that fact. I am glad Kotlikoff publicly acknowledges it, because very few fairtax supporters do. Appologies accepted.
9
posted on
02/17/2008 7:58:25 AM PST
by
Always Right
(Was it over when the Germans bombed Pearl Harbor?)
To: xcamel
Just can not be bothered with anything that changes our preconceived notion!!!!/s
10
posted on
02/17/2008 8:00:15 AM PST
by
mad_as_he$$
(John McCain - The Manchurian Candidate? http://www.usvetdsp.com/manchuan.htm)
To: MeanGreen2008
I really don’t know too much about the fair tax but what bothers me is can’t the gov. increase the fair taxes any time they want when they need more money to pilfer? So what’s the dif? A screw is a screw.
11
posted on
02/17/2008 8:01:38 AM PST
by
Bitsy
To: DivaDelMar
"Now consider the FairTax, which includes a rebate whose present value, IÃÂÃÂÃÂÃÂll assume, equals B regardless of the size of R. In this case, the average lifetime net tax rate R is given by the formula ζ = (θC - B)/R or ζ = θC/R - B/R or ζ = θ - B/R, which rises with R. Hence, by including the rebate, the FairTax transforms what would otherwise be a proportional consumption tax into a progressive consumption tax."[In dining room conversations across the country ....]
Lookee here, Martha Rae. Mr. Kotlikoff defines Sigma as Theta minus B/R. Shoot. I always figgured it as plus B/R.
Well, that decides it for me. I'm in favor of the Fair Tax. What channel's Wheel of Fortune on, anyway? Oh, and git be a beer, wouldya?
To: MeanGreen2008
Its the whole rebate part that puts me off... why should the poor be exempt from sales tax on essentials while the middle class and rich are not.umm, didja notice the rebate plan is optional and applicable to all households, regardless of income?
13
posted on
02/17/2008 8:06:36 AM PST
by
no-s
To: DivaDelMar
Who would argue that a 23% tax billed at 30% is fair?
When the foundation is a mirage nothing can be built upon it.
14
posted on
02/17/2008 8:06:51 AM PST
by
Mark was here
(The earth is bipolar.)
To: All
The misnamed "fair tax" will never gain any ground among the baby boomers who near retirement. Not to mention that a consumption tax is regressive and easily defeated by the wealthy who only need to purchase their goods out of the nation in order to avoid the 30% tax rate.
Additionally, in order for fair tax to work, people would need to take at least a 30% pay cut.
Sorry...the only "fair tax" is an across the board Flat Tax. This deceptive "fair tax" scam isn't going to fly.
15
posted on
02/17/2008 8:07:44 AM PST
by
Digital Sniper
(Hello, "Undocumented Immigrant." I'm an "Undocumented Border Patrol Agent.")
To: ex-snook
Add to the mix that the IRS will still exist under the "fair tax" system...and it will have the power to audit all your receipts to make sure that you didn't buy your new plasma TV on the tax-free black market.
Add to that mix the assured increase of the "fair tax" percentages as black markets grow and increasingly deny the government the revenue it thinks it deserves.
The "fair tax" system doesn't eliminate the IRS; it pours Miracle Gro on it and gives it powers that would make the Secret Service blush.
16
posted on
02/17/2008 8:10:45 AM PST
by
Digital Sniper
(Hello, "Undocumented Immigrant." I'm an "Undocumented Border Patrol Agent.")
To: Bitsy
As the long as the Income Tax (sic) is enshrined in the Bill of Rights..(now there is a chuckle worthy topic) then any law imposing the Fair Tax can be coupled with increased income (sic) taxes, there is no getting around that fact.
17
posted on
02/17/2008 8:12:08 AM PST
by
padre35
(Conservative in Exile/ Isaiah 3.3/Cry havoc and let slip the RINOS)
To: DivaDelMar
The Fair Tax won't work because it can't get the support it needs to pass. Why? Because it really isn't "fair" in the final assessment.
The Fair Tax is flawed concept.
18
posted on
02/17/2008 8:19:24 AM PST
by
Filo
(Darwin was right!)
To: no-s
Well, again... why even have a rebate? Why not just exempt certain items such as food, clothing, and medical care?
To: Digital Sniper
20
posted on
02/17/2008 8:36:14 AM PST
by
xcamel
(Two-hand-voting now in play - One on lever, other holding nose.)
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