I'm honest in the fact that reducing the size of federal government is important. Repealing the 16th amendment is important. Paying taxes equally and not progressively is important.
I'm no here to beat my chest about "what I found wrong" in the book. Sure there are flaws in any idea. It's about the bigger picture here, not nitpicking the details.
I could give a RIP about how it's being "sold". The facts will come out, just as this thread has illustrated. The big picture is what's important. Give the people the power, reduce the government and tax equally no matter how much you make.
Maybe if you are entering this conversation in mid-stream, you may think that this "what I found wrong" is unimportant. But there are many, many of these threads and this discussion has meaning to many of us on both sides. It had been a bone of contention for many years and now they are giving in on one of the main tenets.
And this is not about me beating my chest, regardless of what anyone thinks, this is about finding out the truth of what the FairTax impact would be on the economy-- and wages and prices and purchasing power determine consumer behavior so I don't know how you could find a more fundamental building block.
My personal belief is that we need to reduce spending, fix the entiltlements (privatization), eliminate corporate taxes completely, continue to reduce marginal income tax rates, and eliminate death taxes. The Fair Tax is not what it claims to be.
Repealing the 16th amendment is important.The Fairtax doesn't repeal the 16th amendment...maybe you already knew that.
The 100% paycheck and reduced prices was a major sales pitch for the Fairtax. The truth is it was all a lie and Robfromga did what no one at AFFT or the author's of "the book" would do, he e-mailed the economist (Dale Jorgenson) that has been quoted by the Fairtax crowd for years for clarification...It wasn't what they were saying.Give the people the power, reduce the government and tax equally no matter how much you make.
There's more entitlement money in the Fairtax than the income tax including EIT.
Don't take my word for it.
Fairtax FAQ #48:
Is the FairTax progressive? Do the rich pay more and the poor pay less as a percentage of their spending? Absolutely, as you can see in Figure 6 below – where the graph shows annual expenditures for a family of four and the corresponding FairTax effective tax rates. The poor actually pay less than zero-percent retail sales tax on their spending. Much like with the earned income tax credit of today, the rebate may give them more money than they actually spend on retail taxes. Especially if they are frugal and buy mostly used products. On the other hand, the wealthy approach a maximum of 23-percent retail sales tax on their spending.