Posted on 01/31/2005 7:12:16 AM PST by bmweezer
Even hobos have standards!
Actually it's pretty well known, used, and understood. The U.S. has all sorts of consumption taxes. This may be a bigger one, but it is not a new idea.
If it weren't for your use of the word "gooberness" I might be tempted to think you were just misguided. However, you sound more like someone who is disengenuous. I could be wrong, though.
Shalom.
Heck naw. Hobo's have standards.
le pew!
So what's the problem with somebodymaking hard observations?
Are you guys alone in having to maintain the comfort of an echo chamber to function rhetorically, or is the gutlessness of punching an abuse button when hearing something you don't want to hear endemic to FR posting conservatives?
As for the 23% number, this is confirmed by multiple respected economists with independent studies. From the same paper I linked to you:
For example, Dale Jorgenson (Harvard) has found that the FairTax plan is revenue neutral at 22.9 percent. Jim Poterba (MIT) has found that the FairTax plan is revenue neutral at 23.1 percent. Laurence Kotlikoff (Boston University) found that the revenue neutral tax rate was 24 percent. Researchers at Stanford, the Heritage Foundation, Fiscal Associates and the Cato Institute have reached similar conclusions (22.3 percent to 24 percent).
Meanwhile, you've got one Brookings Institution writer who makes wildly inaccurate (and self-contradictory) claims.
We just like to give you trolls enough rope to hang yourselves with.
Le zotte est mort.
So let it be written, so let it be done.
*snicker*
Again, you might BELIEVE that, but the reality is another thing completely.
So your honestly contending that when the wholesale cost of goods is reduced by the amount of embedded taxes that are removed by the NRST, that
1) Producers will not lower their price in an attempt to gain market share
2) Retailers will not lower their price in an attempt to gain market share
3) ALL retailers will secretly meet to agree to not lowering prices on anything a penny. Thus immediatly increasing their profits @ 30%, and forgoing any chance of gaining market share and expanding their business.
4) Or a single or several retailers will lower their prices but the rest of the retailers will not, and they will survive just fine.
Which are you contending will be the outcome?
I've yet to observe a hard observation coming from you..just a green fog of malodorous tripe. And they are OUR viking kitties to refer to as we choose.
And that's a GOOD thing!
I'm getting quite an education........and am very thankful I'm not getting hit with the troll bombs for some of my comments and questions, which I am quickly finding out have probably been answered a million times.
Go study the proposal. Then update your resume. Your days at IRS are numbered.
Wait untill ancient_geezer shows up, then you'll really get an education. And there's nothing wrong with asking the questions -- most of us had the same or similar questions when we first heard of the plan.
You own a store that sells widgets. There happens to be a widget store across the street from you as well. Your both in fierce competition for consumers.
The NRST is passed and enacted. Prior to this you were paying the Widget supplier $10 per widget. Now the widget supplier sells them for $7.
Do you lower your prices before your competition does? Do you lower your prices after he does? Or do neither of you lower your prices?
>>The NRST is a hell of a lot more fair than the income tax.<<
I agree, but only if it was flat and across the board. That is, ALL items carry the exact same tax and ALL people pay it.
It would never fly and it aint gonna happen.
It would also destroy our economy because people like me would cut their spending dramatically. Too many people would start saving instead of spending and there would be less use of credit. I could go on and on. The bottom line is that the best way to curtail an activity is to tax it.
Heavily taxing the act of spending (and it would be heavy) would not exactly by an economic boost.
No problem, FRiend! I am thrilled to have people I respect take a look at this excellent idea--I think the time of the NRST has come, and I literally pray that knowledge about it and interest in it will grow.
OUI!
thank you for posting this.The national sales tax will be a boondoggle not seen since the income tax if it is passed. The example of the washing machine is a good start but doesnt go far enough.If the national sales taxe gets passed that 500 dollar washing machine wont cost 700 like the article states it will cost more like 1200. becasue the steel company that sells the steel to maytag will be selling it for the cost of thesteel plus a sales tax on the steeel.The same thing will happen to the people that sells the washtubs and engines and knobs to maytag to be turned into a washing machine.Maytag will then add the tax into the cost of the washing machine who will sell it to sears who will have to pay a national sales tax on it.Sears will then add the cost of th e tax it pays to the price of the washine mashine who will then sell it to the costumer who will then pay a national sales tax on the washing machine.
I said the same thing before hitting refresh.
Le barf.
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