If they did read it, then I have to conclude that the purpose of this cmte is purely political. I am not opposed to people coming up with better ideas. I just haven't seen one.
I am not opposed to people coming up with better ideas. I just haven't seen one.
Coming up with a good idea is one thing. The possibility of it working is quite another.
Human capital formation would collapse under a Fair Tax scheme. Can you imagine having to borrow ANOTHER 30% to pay for college? At 30 grand a year this would be another 10 and further lengthen the payback for loans.
No one who is in favor of FT can explain how putting such a burden on real estate and mortgages would have any result except collapse. This plan is a disaster waiting to happen.
"If they did read it, then I have to conclude that the purpose of this cmte is purely political. I am not opposed to people coming up with better ideas. I just haven't seen one."
You haven't seen a better idea than the Marxist progressive income tax that now runs in excess of 60,000 pages (according to CCH) and that handicaps US producers in the global economy?
Are you serious?