To: Your Nightmare
Nonsense. I told you it was a theoretical consumption tax (or VAT) whichever you prefer.
No matter what you call it it is not a real consumption tax as is the FairTax which, despite your unreasoned example, collect the tax when the thing is purchased for consumption. Whether consumed then or later matters not and it's a far far cleaner and simpler system that your "theoretical consumption taxes" (VAT, round, or flat) like the one we presently call the income tax.
The FairTax is truly a consumption tax with the tax collected when the thing is purchased for consumption.
129 posted on
06/08/2006 12:53:04 PM PDT by
pigdog
To: pigdog
The FairTax is truly a consumption tax with the tax collected when the thing is purchased for consumption.
You are confusing consumption expenditure with consumption. Consumption is the "use of goods and services to satisfy wants and needs." Consumption expenditure is the "actual expenditure on final goods and services by the household sector." The FairTax doesn't tax the use of goods and services, it taxes the expenditure on goods and services if they are bought at retail, regardless if they are ever consumed or not.
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