Because I see it as killing my business. I really don't see how new homes will be able to compete against existing homes sales under this scheme. The way it is set up, new homes will be at a 30% disadvantage from existing homes the day after this is passed.
It’s not a question of paying less tax, it never was.
No, but it is marketed that way. The old keep 100% of your paycheck and prices stay the same routine is the main staple of the fairtax pitch.
It’s the need to get the stinking KGB IRS out of American lives.
Then market the plan that way. Although I think the freedom claims are grossly overstated it should be an improvement. I can guarentee you, collecting $2.5 Trillion will be intrusive into everyone's life, I don't care how you do it.
Supply and demand. As the demand for older ("untaxed") homes rise, their prices will too, until the cost advantage of old vs. new settles back to equilibrium again (people will pay extra for new homes because they believe they get extra value for them).
Because I see it as killing my business.
Bing bing bing bing! Personal greed and selfishness over what is really a better system.
I have posted several times the studies that show the impact is nil.
The cost of new materials will go down as well. I am working on a policy study to transition over three years on pricing so that the price volatility will be minimal.
Try to keep in mind that after one hundred years of the Income tax we have a society that is better quipped now to handle the FairTax through electronic networks. We should be able to advance our society forward rather than cling to a system that hurts people.