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To: Jack Hydrazine

Nope. How about we move to a consumption tax? The FAIR Tax model (without that silly ‘prebate’ stuff) is the right way to fund government.


46 posted on 08/10/2015 7:55:47 AM PDT by PubliusMM (RKBA; a matter of fact, not opinion. 01-20-2017; I pray we make it that long.)
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To: PubliusMM
Nope. How about we move to a consumption tax? The FAIR Tax model (without that silly ‘prebate’ stuff) is the right way to fund government.

Agreed but for the lack of a phase-in strategy that makes sense. I've heard numbers everywhere between ten and thirty percent quoted as the necessary rate of consumption tax. Say it's 20%; day one every purchase costs 20% more (less local sales taxes?). Bread, milk, gas, a car, a house. The hidden costs of taxation going away will eventually reduce costs to manufacturers and distributors and result in lower prices, maybe a wash over time. But the first few weeks/months/year are likely to be painful.

78 posted on 08/10/2015 9:15:49 AM PDT by JimRed (Excise the cancer before it kills us; feed & water the Tree of Liberty! TERM LIMITS NOW & FOREVER!)
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