Aren’t the Democrats trying to pass a tax increase they’re calling the “Fairer Tax”? /sarc
What is the over/under for the amount of time before the attacks begin?
Thanks anyway but I’ll bet on Rush’s accuracy.
Yes; the site FairTax.org has a good document on the impact of the FairTax on education at http://www.fairtax.org/PDF/TheImpactOfTheFairTaxOnEducation.pdf.
Well .. the fairtax might produce all that stuff .. but I don’t believe it would catch El Rusbo off guard.
This is the misguided ranting of someone, and I’ve known several of the type, who:
1) Are jealous of anyone’s success other than their own
2) Want to be the only one who is “right”
A lot of gold bugs are like this.
Now there's a load of crap!! FairTax does nothing but shift tax liabiliy to the end user and if you think businesses are going to provide wholesale price reductions to consumers you know nothing about business.
And then the whole thing crashes when the Democrats and free spending Republicans realize that they still need the income tax after all, in addition fair tax.
When the economy slows, they raise the fair tax to pay for socialized medicine and universal preschool.
As small business represents the largest segment of employment, the economy immediately spirals into the largest recession in modern US history. New home sales tank as the 30% tax immediately improves the value of any used property. Used car lots become the thing to invest in as new cars overnight go up in price by 30%. Employer provided health insurance immediately tanks as that too goes up 30% overnight.
On the plus side, an incredible resurgence in the value of not making disposable products and re-creating the appliance repair market as repairing an item finally once again becomes cheaper than replacing it. Imports drop dramatically as people seek out repairable products, and look more to durability than to price.
Economies in the most liberal of states with the most stringent of requirements for employers tank the hardest, especially in RomneyCareLand where required health insurance no longer has the stick of denial of personal exemption from tax returns - it's cheaper to not worry about the exemption than it is to pay the tax on health care.
And six months in, Congress is faced with an incredible flood of cash, the largest they've ever had, as the ill thought out FairTax rate proves to far exceed government expenditures, leading to even more socialization with a New New Deal supporting liberals to one of the largest landslides in election history as people throw out the people who brought this inanely huge tax rate onto every purchase, everywhere.
lets see:
Democrats demand a ever increasing PREBATE to adjust for cost of living EVERY SINGLE ELECTION CYCLE.
Every single business now has a NEW BURDEN of being a sales tax collector for the federal government.
There is a whole new federal bureacracy swelling the ranks of the federal employee union.
Illegal aliens sue to obtain their “justice” share of their prebate.
Democrats push for a prohibition of prebate for those who earn more than 50 thousand dollars.
Busniesses flood OUT f the USA because of the absurd tax burden.
State income and sales taxes are 100% unaffected.
The REALIZED tax burden to the average citizen jumps above 60% when totalled.
Seniors who planed for retirement are penalized as their tax exempt retirement expenditures on goods and services are taxed at rates higher than if they had done nothing.
Retirement planing goes EVEN LOWER. (why bother)
Outsourcing expands as corporations flee to spend their now taxed service dollars ANYWHERE else.
== == == ======
The fair sales tax is a snake oil scam and worse than the bad system we have now.
If anything the sum of its parts is WORSE than the individual elements taken seperatly. (The prebate is the biggest boneheaded idea and about as harmless as “social security is only a supplement not a pension”.)
The pundits and leaders are WISE to stay FAR away from this delusional wet dream.
(oh and for those who advocate it....scientology likes it)
Three new predictions.
George Soros commits suicide.
Divorce is cut in half because American families now have 22.65% to 34.65% more spending money in their paychecks and are starting to learn how to save. Focus on the Family’s, Dr. Dobson, repents of evolution and accepts the Bible’s account of creation.
The most effective sign seen in front of George Tiller’s Clinic, “Don’t Abort Your Prebate Check”.
I think I'd support the FairTax, but I'd also accept a Constitutionally fixed Flat Tax a la Steve Forbes, provided we could guarantee that no ball-hidden-under-the-jersey loophole for increasing it or adding other taxes to it lurked behind it.
Don't let the best be the enemy of the good, guys and dolls.
Freedom, Wealth, and Peace,
Francis W. Porretto
Eternity Road
In some ways I like the fair tax because it seems to be functionally equivalent to the VAT, but I will never, never, never support it unless the amendment to the constitution for income taxes is repealed, first.
The last thing in the world that I want to see is two tax systems. Yes I know the fair taxers want to do away with the income tax, but this is just a bill, like any others before congress. It can be modified and changed 10 minutes after it has been passed.
This would give the people some idea just how MUCH taxes they are really paying.
THEN, the next time some elected official tries to raise taxes, he may not live long enough to get off the podium....
Regardless of the what the benefits of the Fair Tax would be, I doubt that even half of these predictions would come true.
Boortz ain’t gonna like your assessment of a new Revival b/c of the Fair Tax.
Meanwhile, back in reality...