Posted on 08/18/2005 6:34:27 AM PDT by GPBurdell
NUMBER ONE ---- AGAIN!
The word came in yesterday afternoon. The FairTax Book will remain No. 1 on the New York Times Bestseller's List for the second week in a row. Our editor at Regan Books told us yesterday afternoon that it is much harder to make this list the second week than it is the first. Needless to say, we're excited and gratified. Interview requests for Congressman Linder and myself are pouring in, and the crowds at the book signings remain strong.
Our greatest hope is that the book generates a buzz and momentum of its own. Across the country people who have never heard of The FairTax before are learning that it is possible to get rid of all income and payroll taxes and replace those taxes with a one-time tax on consumption at the retail level. These people are learning that:
* They can say goodbye to the death tax, the gift tax, Social Security taxes, Medicare taxes, the Alternative Minimum Tax, capital gains taxes and the trouble of filling out tax forms; * That they can just go enjoy themselves on April 15th, just as they do on every other spring day; * That American corporations who have fled overseas to escape our crushing tax system can be brought home again; * That they can invest and save with no federal tax consequences whatsoever; * That the trillions of dollars that are working in offshore financial centers, again to escape our crushing taxes, can be brought back to work in the American economy again; * That we don't need to spend $500 billion a year to comply with an obscene tax code; * And that all of this can be accomplished while eliminating the federal tax burden on the poor, and without increasing the cost of living for everyone else.
I was discussing the book with some friends last night. I told them that over the past ten or so days I think that I have signed about 8,000 copies of the book at various book signings. Since many people buy multiple copies of the book, I would guess that I've seen about 6,500 people during that time. So .. how many people had something negative to say? Two. That's it. Just two. One man at Ft. Bragg came through the line twice to have two books signed (he went and bought an extra copy) all the while grumbling that we didn't include enough of the research in the book. Well, there's a reason for that. You can find the research at the FairTax website. Knock yourself out, pal. One other man stood in front of the table and demanded an opportunity to point out all of the typos he had found. We politely declined his incredible offer. But that's it. Two complaints. On the other hand, we've received hundreds of comments from people who doubted whether or not this idea could work ... until they read the book. Well, that's what we were after.
Again ... thanks so much for another week at No. 1! The FairTax is becoming an idea that can't be ignored.
Please just be open minded about it and read it. I know it will answer the questions you have...
I'm not igoring #224. Thank-you for THAT. I'll respond when I'm finished with my Saturday business.
Reagan took the money away from the Govt and gave it to the people. The FairTax does no such thing it is designed to be revenue neutral and confiscate the same amount from AMericans as the present system. So where do the people get the extra money from?
Hint they either don't get extra dollars, or they get dollars that aren't worth as much.
It is introductory pablum and doesn't answer any of these difficult questions, unless you find unsubstantiated statements to be proof of anything. I personally find "Trust me, it'll all work out" to be a difficult approach to follow. Esp. when the ones telling me to Trust him are politicians and radio talk show hosts.
No problem, take your time, I'll still be around.
LOL!Where is that written? /lewislynn
Just saying both are true is no longer good enough.
It's in the bill, dude. What's so arcane about that?
On the one hand you pretend to be the expert on how it would all work, on the other you admit you don't know even the basics...That's very telling.
No, I have admitted that I'm no accountant. I'm a businessman. I understand as much about accounting as I need to. So when the details get too esoteric, I bow out. But what I do understand is the possibility of NO FEDERAL TAX until I decide to spend money at the retail level.
I'm the other guy. You don't want to be my competitor.
Please just be open minded about it and read it. I know it will answer the questions you have...What did you learn from the book that you didn't already know before?
Why read itFor the laughs.
There might be some multiplying factor, but we are only talking about a small percentage (business share of SS tax) of a fraction of the labor component. The end result of those effect may add a percent or two to the final costs, at the expense of profits to the businesses. On service type business or things like rent, that effect will not have any impact on the price as there are no levels. Most labor components in this country is at the service level close to the customer. Even the labor in the production of things like cars, which get shipped directly to the dealer from the manufacturer, there is only one level it goes through. But in the end prices are what the market says they are. Costs are not the final determinant.
Yeah for laughs and that is why it is number 1 on the New York times... LOL!That doesn't make it any more accurate.
That's actually a good point, and I don't know the answer, unless there's something obvious that I'm not seeing. So I will be waiting for an answer too.
But let's just say that there is no answer forthcoming. What then do we have? A system that basically restructures our current burden of taxation, with no monetary advantages for anybody in the end.
Now, as I understand it, this is how it's supposed to be anyway. I don't favor HR25 because I think I'll actually have more money in my pocket at the end of the month. I favor it because the government will no longer be in control of my financial affairs, I will be. I decide when and how much tax I will pay. Those bastards no longer have any say in what I do with my money. Plus, they have no mechanism to manipulate my life under threat of force. That's the real issue- CONTROL.
I live in a state (FL) that does not tax income in any way. We do just fine,and we are more free than states who do impose an an income tax. As far as I'm concerned, the taxation of income is EVIL. It is Marxist. It's statist to the core. Why you want to maintain this practice is beyond me, except to assume that you are a big government control freak of some type.
So I will concede your point, unless I get an answer- but that's fine if I never do, because I wasn't expecting an advantage over my fellow man anyway. Only the government.
Not really, Nightie - but you don't understand that ... and don't ever want to since it doesn't suit your agenda of claiming wages will fall, etc.
You don't even understand the cascading of income tax costs. #154 clearly shows this mechanism (whether you'd like to quibble about what the author called things or not) and it shows it with no payroll taxes and no compliance costs included. You SQL types have always claimed - and still do - that this can never happen, but the example clearly shows that it does and rather rapidly, too. You've always claimed the opposite and that there was no information that showed this; the fact I obtained this from the internet puts the lie to your claims. I've even seen other similar projections explaining the cascading mechanism with respect to income tax and/or tax costs.
Admitting this effect is, of course, something none of you will ever do since it destroys your entire position. Doesn't matter, it's still there and goes on all the time - untill the FairTax passes.
I'd never expect you to be intellectually homnest enough to admit that - sure enough - income tax costs (or in the example just income tax) cascades.
Hardly - you don't understand #154 obviously (or actually can't admit it).
You either don't understand the processs or can't admit it occurs.
That make no difference at all. The chart speaks for itself as I got it off the Internet. It clearly shows the cascading mechanism that you claim does not exist. A couple of the other textual examples around the time of that post also illustrate what happens also.
None of you SQL club members can ever admit that this is the case, of course. Most people can look at the chart and see the effect quite clearly even if you don't.
Same as Nightie, another Squirrel demonstrates his intelligence - or not!
Hardly, Nightie, but one thing they don't have is Income Tax --- or the cascading effect of income tax costs.
You SQL folk are blissfully unaware of that since you think there ain't so such thing (or actually can't afford to admit there is).
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