And I keep saying that nothing will bring true relief until we can regain control of spending out of Washington.
How are we "destroying what others ARE doing" by raising legitimate questions and receiving mostly ridicule and scorn for not going with the flow?
For something so simple, I wonder why the bill alone is some 133 pages (on pdf) long and has sections dedicated to definitions, record keeping, enforcement, penalties and such? I also wonder why the writers of this current proposal resorted to smoke and mirrors by claiming the national sales tax is 23% on the dollar, but will actually cost 30 cents on the dollar? If it's so good, why the slight of hand?
What will happen once this new tax structure is in place, on only new items, mind you and buyers see the used car and housing market much more attractive than the new market? Even if businesses brought prices down, as is hoped for, existing item won't be charged 30 cents on the dollar making them much more attractive to purchasers and could eventually bring about high scale unemployment due to less and less new high dollar items not being sold. Could Congress, to spur economic growth again, start exempting certain new items? Couldn't that be the start of returning right back to where we are today?
I don't know about you, but a one year old car for $35,000 is a lot more attractive than a brand new car costing $38,000 with $11,000 dollars National Sales Tax added onto it. Same with a house.
See if you can get your mind wrapped around this concept my friend. The retail prices of cars and houses today have, HIDDEN in their retail prices, ALL the taxes and the costs of dealing with those taxes of every set of hands that touch the manufacturing process of those items. Once the fairtax is in place and all that disappears the retail prices of new cars and houses won't be much different than they are today WITH THE SALES TAX INCLUDED!
And I'm all ears waiting to hear your SPECFIC proposal(s) for getting that done!
Hmmm?? Could it be that it has to be that long becuse what it is seeking to replace is in the neighborhood of 60,000 pages?
There's no "slieght of hand" and that's not what the bill says, D. R. I suggest you read it more attentively.
And getting a new tax bill that will offer some help in controlling spending by the consumer controlling his consumption choices is certainly the right was to do it.
The other approach has not worked in the last 100 or so years, it seems.