To: RobFromGa
It stands to reason that when a plethora of taxes are eliminated, this should reduce the cost to businesses. Instead of having to factor taxes into the prices, they can set the price they think it would be in the absence of all those taxes before the FairTax comes into play. And don't forget market competition and where consumers spend their dollars. What I'm talking about isn't wishful thinking but rather patterns of human behavior and economic rules that have driven life for thousands of years. We really don't know if taxes will rise under a FairTax system. No, I don't think it will be a low-tax utopia but it will be a lot better than what we have in place today.
(Denny Crane: "Every one should carry a gun strapped to their waist. We need more - not less guns.")
37 posted on
05/14/2006 3:49:42 PM PDT by
goldstategop
(In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
To: goldstategop
It stands to reason that when a plethora of taxes are eliminated, this should reduce the cost to businessesBut they aren't removing a plethora of taxes. The primary taxes that are being removed are being given to the employees in the form of "keep 100% of your paycheck". I've listed the taxes that will be removed and they don't add up to even 10%. Let's see your analysis rather than your platititudes.
We really don't know if taxes will rise under a FairTax system.
We do know they plan to start by adding a 30% tax on every retail purchase, that is a tax rise.
38 posted on
05/14/2006 3:53:25 PM PDT by
RobFromGa
(In decline, the Driveby Media is thrashing about like dinosaurs caught in the tar pits.)
To: goldstategop
We really don't know if taxes will rise under a FairTax system.----
What I'm talking about isn't wishful thinking but rather patterns of human behavior and economic rules that have driven life for thousands of years.
Then you also don't know or rather do know it's wishful thinking that businesses will arbitrarily pass on all savings to consumers.
44 posted on
05/14/2006 4:24:54 PM PDT by
lewislynn
(Fairtax = lies, hope, wishful thinking, conjecture and lies. (no it's not a mistake)
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