and publishd in the NYT, WSJ, etc.
The Fairtax CULT claimed number is from ITSELF.
When askd to 'prove god' you can't cite the Bible.
Maybe in Fostoria Ohio.. but this is Hardly representative of the country!Rent - where I come from, pretty much anyone can buy a house, just not a new house. No real NEED for rent. Here's a few offerings; these are good houses, not decrepit fixer-uppers:
[url=http://www.realtor.com/realestateandhomes-detail/310-S-Poplar_Fostoria_OH_44830_1105336628]310 S Poplar, Fostoria, OH, 44830 - MLS
Just 3 examples.
Unrepresentative ANECDOTE from Busted town, USA isn't logic or Empirical evidence.
Natl avg home prices are more like 200K.
The 'embedded cost' BS is common and false.Also, there are embedded costs ....
It's Fairytax that creates layers of embedded costs, .... and even the embedded cost assertion was true, Fairytax would have to Raise it's claimed rate to make up for the accompanying price drop/revenue loss.
30% would have to go to 36% because of the Ostensible 20% embed.
That goes for much of the argument not quoted.
If, as you can read from the analysys, the Govt doesn't pay Itself/Circle Jerk that Fairtax has to go up another 25% a Govt spending is so much of the economy.
Health Insurance/Healthcare is a necessity that will just get yet more expensive for those who can't afford andf isn't nearly, like rent, offset by the bogus Prebate.People's insurance companies are going to pay for their heart operations, just like they do now. Having the income tax go away are going to make these operations, and all medical things cheaper. We're going to be replacing one tax with another, so it is not valid to ignore the 1st tax going away while dealing with the effects of the 2nd tax. It will balance out, and mostly in favor of the American people.
Completely Wrong.You're rant about who thought of the fair tax and what the rich might be getting or not betrays your underpinnings; You're upset that the Fair Tax is absolutely no good as an instrument to "stick it to the rich." Nope, its for financing the government, not for punishing success.
I manage money for a living. I don't want "to stick it to me", but I do know we can't shift the Burden down any more.
It's indisputable Income and Standard of Living disparity are at all time highs and growing.
As it is [Even] now we have to send out stimulous checks so the little guy can afford the most basic things like cars and computers... and utilities and prescriptions.
You can't Add to those basic costs... and you can't take any more from those who are in the bottom 50%.
The only reason, in fact, stimulous checks were sent out is that (all agree) it's So Bad the litlle guy can't afford to buy the products that Support the Big Guys stocks!
So We Had both parties agreeing.
But that's the proof of the pudding as I've said several times in this string to which you've put up only pitiful answers.
As I said, I manage money.You're wrong about the example of the rich that I gave. In order for the rich to be paying capital gains, they'd have to own some stocks. I said, they just sat on their pile of money, and if anything, they invested in some municipal bonds. Their tax liability under the income tax is zero. Nada. Nothing. If they don't have any muni bonds, then the same thing. And, of course, there's $10 - $15 trillion dollars ALREADY overseas, both legally and illegally, for the single, sole purpose of avoiding the income tax. It works, too. With the Fair Tax, it will come rushing back into the country, either to invest in works that will ultimately create jobs, or be put in banks, who will loan it out to entrepreneurs that will build factories, in order to make money, and.. that will create more jobs.
The Rich by-and-large DO have Stocks and Capital Gains and Dividends, they aren't all in Municipal Bonds!
Ever heard of 'Hedge Funds'.
Those are pools of Rich people's money earnng LARGE but TAXABLE returns.
I own some municipal bonds.. about 10% of my portfolio.. but the vast majority of rich are far more aggressive than that both in Stocks, TaxABLE bonds and Private equity. All Now Taxable.
And what will offset the Income tax receipts, to just name One well known pool, of the top 5 in each of the Fortune 500's salaries .. many into 8 Digits a year.. all Now Taxable.
Millions of less well off are goint to have to make up for those lost Income tax receipts when they buy their Ham and cheese Sandwiches, Cheerios, and Antibiotics.
You may be an authority on Fostoria Ohio but you clearly no Nothing about the Rich or the economy. NOTHING.
Yeah, I guess at $1 an hour I just know we can't compete.You get hung up on the rate of foreign wages..
That's what did ruin the 'Rust belt' if NOT the economy as a whole.
Yes but that's My point.The economy _has_ been gutted over the last 50 years. Go see the hulks of buildings in new England, that used to be textile mills. Go to Pittsburgh,...
Those are the businesses that can't compete with Foreign Wages.
And why houses in Fostoria sell for ZIP.
But the economy was doing very well until that and other places more tech etc oriented have Boomed.
We just need to spread the wealth some by not Continually dropping tax rates on the rich (as Bush did with Cap Gains/Divs) and thereby rasing the Deficit and creating more Inflation/The Hidden TAX on us all.
You're 56 / 57 percent rants as figures for the fair tax are laughable. You have no math basis on which to base them, only the political rants from a website that was created to attack a Republican candidate for president last year.
The NY Times/Wall Street Journal... and the Dep Treas secretary, and the Congressional Joint commitee on Taxation, US Treasury dept... are "politcal rants"!!
While you accept the Self-Stated CULT'S number of 23/30%?
This is Ridiculous and beneath debate, but obviously necessary for you to maintain the illusion/delusion.
As also stated in one of my links.. no need to worry tho..
Everyone with Half a Brain knows this baby isn't going anywhere and can't even get serious hearings because it would be Laughed out of the room.
(and no one wants to perjur themselves under oath as opposed to paid opinion pieces)
It's a clear JOKE/transparent Scam on it's face to 3 digit IQers.
Nor do we have any answers to the Myriad of other facts in those articles beyond the Bogus Rate of Fairy tax.