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To: Filo

“If someone is diagnosed with cancer and also has a zit treating the zit while ignoring the cancer is a fairly stupid course, wouldn’t you say?

And yet Fair Taxers want to address the blemish first.”

I listed the adverse economic trends in an earlier post which we would like to see addressed with the FairTax - and for which no FT opponent that I am aware of has an alternative approach to. Those included the largest trade deficit in human history and the steady erosion of our manufacturing base.

As Dr Oded Shenkar, Professor of International Business at Ohio State University has said, there is no precedent in history for any economy maintaining its viability without a robust manufacturing sector.

The Trustees of Medicare warn that we are less than 10 years away from the day in which that program will not have the revenues to pay for the benefits promised.

These are just two examples of the types of challenges which this country faces which you compare to a case of zits.

I will let the other readers of this thread decide for themselves if the economic trends that I and other FairTax supporters are concerned about are serious or not.


248 posted on 05/12/2009 2:28:42 PM PDT by phil_will1 (My posts are in no way limited or restricted by previously expressed SQL opinions)
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To: phil_will1
I will let the other readers of this thread decide for themselves if the economic trends that I and other FairTax supporters are concerned about are serious or not.

They are but the Fair Tax does not address them.

If the FT is revenue neutral, as advertised, then it's not going to magically create additional funds to fix those problems.

Unless the FT backs off the tax burden on business (it can't, it's revenue neutral) then it won't allow business or the economy to grow any more than the current system.

At the moment the FT does nothing but free up a bit of compliance cost. The rest is, at best, speculative.
252 posted on 05/12/2009 3:22:42 PM PDT by Filo (Darwin was right!)
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