[Conservative Goddess]

BUT.....

Per the WTO, ANY system of taxation which uses income as the base is not eligible for border adjustment. A flat tax would not be eligible for border adjustment....and our goods will still be hamstrung in the global market.

We must embrace a system of taxation which IS border adjustable if we EVER want to regain our economic strength and maintain our standard of living. Any thing else is like rearranging the deck chairs on the Titanic.

[hripka]

BUT..... Per the WTO, ANY system of taxation which uses income as the base is not eligible for border adjustment. A flat tax would not be eligible for border adjustment....and our goods will still be hamstrung in the global market. We must embrace a system of taxation which IS border adjustable if we EVER want to regain our economic strength and maintain our standard of living. Any thing else is like rearranging the deck chairs on the Titanic.

That sure brings up lots of questions:

What is a border adjustment? What does the WTO have to do with it? What if we have a so-called 'fairtax' and Canada or Mexico doesn't? Isn't the 23% difference enough to kill off our retail sales close to our border?

Also, how does this 'fairtax' treat IRAs which have already paid tax?