Posted on 07/30/2007 4:48:06 PM PDT by Ultra Sonic 007
Edited on 07/31/2007 9:40:17 AM PDT by Admin Moderator. [history]
[snipped - excerpt did not agree with article]
Fred and the Fair Tax ping.
Looking good. Hope there is follow thru, should he be elected.
I saw the video and I’m not convinced. It’s impossible to tell for sure what he was saying “yeah, absolutely” to.
Plus it looked more like a glad-handing brush off than a thoughtfully considered answer. For all we know, he was answering someone asking him “are you glad to be here, Fred?” The way he answered it would have been in line.
Our deep-pockets Congress would never pass such a bill. There’s too many uninsured children and lazy-ass unemployed unwashed couch monkeys out there to feed.
Yeah, the video was also edited with different views from different cameras.
Fair Tax ping!
HELLO! Fred just got my vote, case closed, thank you.
Exactly, and the edit happens right in between the question and the answer.
For all we know, they’re pulling a Michael Moore.
The UnFair Tax is a pipe dream.
Why do you call it an UnFair Tax?
Don't be a single issue voter.
He voted against the bill of rights in campaign finance reform
He is a buddy to McCain, so he probably would have voted for amnesty.
If you are a Veteran your duty is too support Hunter or Paul.
There is no other honorable choice.
The title you created has been changed to the original published title. We’re trying to reduce the number of duplicate threads. Please don’t alter titles. Just use the exact title found at the linked source.
Amazing that anybody could call a 23 percent sales tax a “fair tax”. That’s the fundamental problem with the national sales tax. It’s about 15% to much.
Why call it 23%?
8% sales tax (current method) on a 100.00 item results in a total cost of 108.00
Under the Fair Tax 23$ rate that 100.00 item would cost about 129.00.
Why are games being played to hide the real rate?
Whose military are you a veteran of?
American soldiers fight for a person’s right to vote for whom they choose.
Perhaps others in uniform elsewhere in the world have tried to enforce a “duty” to vote for a certain candidate, but never in America.
One of the major problems with an excise tax is that it cannot be financed. For example: you buy a car, you can finance the vehicle price, but not the sales tax. No biggie, right? It's 6-8% most places, the dealers/finance people drop your down payment to zero most ways these days if your credit is OK, and off you go minus the tax + license + nonsense fees.
When the tax is upwards of 20% that ain't gonna work.
So what has to happen to make a national, or even state tax work that supplants income and/or property taxes is to make it incremental with payments. That can be done within the laws; people already do that in an oblique way with a lease.
But the rule is that banks won't finance taxes. So somehow the laws plus the rules have to change that.
And as for Fred saying he's down with something, all I can say is....we'll see what he or whoever does when they get into office.
It is designed to be revenue neutral. Government being too big is a different issue. Not less important, but completely different.
A few minor tweaks, and it might actually work out. Not holding my breath though.
Ferris Bueller Economics Teacher: In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone? Anyone? ...the Great Depression, passed the... Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered? ...raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression. Today we have a similar debate over this. Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. “Voodoo” economics.
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