[N. Theknow]

Take Mr. Megabucks, who is sitting on $65 million and wants to buy a jet like Oprah Winfrey's - a 10-passenger, $50 million Global Express XRS. Under the FairTax, the jet costs him an extra $15 million because of the 30 percent sales tax. Mr. Megabucks gets the jet, but the extra $15 million, which he had budgeted for Beluga caviar, Dom Pérignon, and other flight snacks, goes to Uncle Sam.

Mr. Megabucks would not buy the jet in the US. Thus killing the jobs/businesses of the people who build them.

And the Dom Perignon and caviar are business expenses.

[Bigun]

Mr. Megabucks would not buy the jet in the US. Thus killing the jobs/businesses of the people who build them.

Exactly backwards!

The U.S. economy, once freed of the income tax, will boom like no living person has ever seen and virtually ALL of the manufacturing operations which have left the U.S. over the years would come running back!

[Bigun]

When Bill Archer was chairman of the House Ways and Means Committee, he routinely quoted an informal survey of five hundred international companies located in Europe and Japan. These companies were asked, "What would you do in your long-term planning if the United States eliminated all taxes on capital and labor and taxed only personal consumption?" Eighty percent - that's four hundred out of five hundred - said that they would build their next plant in America. The remaining 20 percent - the other hundred companies - said that they would relocate their business to America altogether.

I suppose there are some who would say those folks were not telling the truth but I think they would be wrong!