So when you can't understand something it must be because you are being lied to? Yet you lie yourself. What is that? Nevermind, I know the answer.
If we accept those figures, then why offer a prebate to anyone?
To overcome the objection of leftists that the poor pay disproportionately more for necessities.
If there is indeed "no loss of purchasing power", then why do the poor need more money?
Ask a socialist.
Now, there may be some deep philosophical reason ("an individual should not be forced to pay taxes on the basic necessities of life"), but if that's so important, why is everyone forced to pay those embedded taxes today?
'Everyone' is not paying embedded taxes. Many of the poor are currently subsidized, for example with food stamps which today are doled out as debit cards.
Shouldn't we all be getting a prebate today to offset those embedded and hidden taxes on the basic necessities of life?
Uh...yeah....that's in the FairTax bill. But under the Income tax, socialists believe only the poor should receive handouts. At last you asked an intelligent question for the first time.
The only conclusion I can reach is that you're not telling me the truth about the Fair Tax.
Of course, you can't comprehend, therefore it's all a lie!
You have got bigger issues to worry about that Nike profits. Other posters on this thread a ripping you a new one and you cannot counter their claims (other than by calling them names). Hell, you refuse to counter mine - all you got it is, "You were wrong on Nike's profits" when that has nothing to do with the argument.
"To overcome the objection of leftists that the poor pay disproportionately more for necessities."
So what? They're paying -- what did you say in your post #272 -- 32% in embedded taxes today and I don't see you pushing for a prebate. Hypocrite!
"'Everyone' is not paying embedded taxes. Many of the poor are currently subsidized, for example with food stamps which today are doled out as debit cards."
I don't care how they're paying for a loaf of bread. When they buy a loaf of bread today, they're paying 32% in embedded, hidden taxes and tax costs, according to you. We all are, right?
"But under the Income tax, socialists believe only the poor should receive handouts."
And under the Fair Tax, the poor receive handouts AND the prebate! Who's the socialist? Actually, you want everyone on the dole. Who's the socialist?
Or are you saying that the poor will no longer receive welfare, food stamps, WIC, AFDC, and all the other programs and will only receive the prebate?