You know what the FairTax plan is. Let me tell you what it is not. The FairTax is not a "something for nothing" tax scheme. We aren't promising you extra dollars in your pocket or a new car in your driveway. The promise is simple. Your earnings will remain essentially the same, and you will spend essentially the same amount for your consumer goods and services. You won't pay taxes on your investment earnings, nor will you pay taxes when you give money away as a gift. Your heirs won't pay taxes when you go tango uniform and they inherit the wealth you've worked so hard to acquire. You won't fall victim to the Alternative Minimum Tax or an IRS audit. You will be compensated at the beginning of every month for the FairTax you would be expected to pay during that month on the basic necessities of life, as set by the poverty level for your sized household. As they say, "there ain't no such thing as a free lunch," and that applies to the FairTax, unless you want to consider treating April 15th as just another Spring day as something you get for free.
Sounds like furious backpedaling to me.--RobFromGa
Sounds like furious backpedaling to me.--RobFromGa
No, it's simply a reaffirmation of the consistently stated position of Boortz and Linder that the Fair Tax plan was designed to be as "revenue neutral" as possible. Your correspondence with Dr. Jorgenson has confirmed this, and you should be commended for that effort.
I have not read the book yet. Whatever statements in it which are poorly or misleadingly phrased should be acknowledged, clarified and corrected, but your eagerness to characterise such mistakes as dishonesty or fraud is unwarranted.
You have made a valuable contribution to the discussion of this issue, and we should all use that to move the debate forward.
Sounds like furious backpedaling to me.--RobFromGa
Actually he has stated the case in that same way before. Mainly the issue presented being that you don't get out of paying taxes, afterall 23% of your payment at the cash register is taxes going to the government out of the earnings that you spend on consumption. For many folks that's often the entirety of their check and more (counting them credit purchases).
Looks like a frog, sounds like a frog, jumps like a frog...
;o)
That's funny, because it sounds to me like what he's said all along. That's what I've always heard about the Fair Tax plan.
Rob, I listen to Boortz and read the Nuze daily. This is consistent with what he's said from the start.