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To: Little Ray
The prebate is an attempt to answer the objection that the Fair Tax would be a disproportionate burden on the “poor:”

I understand that.

Personally, I could live without prebates. Its about time the “poor” started paying their fair share.

Agreed.

Besides, they are unconstitutional.

Yes. After-tax savings that exist when the FairTax is enacted will get taxed again when they are spent. I know its not fair, but nothing is perfect.

And since this is easy to fix I won't support the program until it is.

Only an idiot would volunteer 30% in additional taxes on hundreds of thousands of dollars worth of retirement savings.

I don't see what you mean by “incorporating socialism and encouraging a two-tiered taxation system.” We already have much worse in the income tax. Personally, I'll be happy to see the Earned Income Tax Credit die, and the income tax replaced by a single rate sales tax.

Until the FT is tied directly and irrevocably to the repeal of the 16th the only conclusion will be a NRST as well as an income tax.

If you think our government won't do this then you haven't studied history.

And the prebate is socialist so that’s the incorporation of that.

The FairTax does not address spending. It addresses how taxes are collected and take them away from politicians as tool of “social policy.” Spending will have to addressed elsewhere. Its simply a means of creating a predictable tax environment for people and businesses to operate in and eliminating may of the perverse incentives created by the income tax.

And as such it's a good alternative if the other flaws are fixed.

I'd support it, even at the revenue neutral rate, if the double-taxation, prebate and ties to the 16th issues were fixed.

Even with the inept math used to justify its existence.

The FairTax is a potential remedy to these issues. Its not perfect, but it probably is better than what currently exists.

Imperfect and probably aren't really good enough, are they?

It was not created to address spending, merely to be revenue neutral. Spending is different issue from the FairTax.

And since spending is the real issue I'd rather focus on that than waste time with the FT nonsense.
228 posted on 05/12/2009 11:00:19 AM PDT by Filo (Darwin was right!)
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To: Filo

You seem to have missed the part of you training where “Perfect is the enemy of good enough.”
You’re not going get perfect.

The FT is tied irrevocably into the repeal of the 16th Amendment.

“Unconstitutional” is no longer an objection. CFR is unconstitutional on its face, and its the law of the land. There is no provision in the Constitution for transfer payments like welfare, WIC, and farm supports, but there they are. Social Security is hideously unConstituional.

Spending is not part of this discussion. Thats for different thread. This is about revenue.


258 posted on 05/12/2009 5:04:39 PM PDT by Little Ray (Do we have a Plan B?)
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