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Now you are saying 30% inflation will cause economic ruin. This morning it was 15%, and I agree that it would be awful. That's why I don't see how you are so gung-ho for the FairTax scheme with 100% paychecks (which means 18-25% inflation).

So, Bigun describes the effects of the FairTax being implemented as the return of Jimmy Carter as President, a disaster of major proportions.

And, you see it as heralding the destruction of the international bond markets, equity markets, and exploding interest rates.

Sounds like a great plan!

And you still haven't answered my simple question that you are afraid to answer.

So, Bigun describes the effects of the FairTax being implemented as the return of Jimmy Carter as President, a disaster of major proportions.

YOU are an out and out liar! Bigun has done no such thing as anyone who wishes to look can plainly see. The entire post is reproduced below.

To: RobFromGa; groanup

If the FairTax were proven to cause 15% or more inflation, would you support it?

I seem to recall having seen 15% and greater inflation rates in the U.S. fairly recently (can you say Jimmy Carter?). Was that because of the fact that we had an income tax at the time?

994 posted on 10/26/2006 8:59:03 AM CDT by Bigun (IRS sucks @getridof it.com)

Mr twist it. I'm the one soliciting an answer remember? I haven't heard one and it's going on a couple of days now. Anyone reading these threads can see that you are twisting in the wind here. No problem. I have made my point. Your predictions of inflation (YOUR predictions of 15,25,30% not mine) are groundless speculation designed to appeal to ignorant minds that are easily frightened. I don't think you'll find a lot of that on these boards.

Since you have repeatedly avoided my inquiry and have blatantly tried to muddy the water with irrelevant rhetoric in trying to infer that I have avoided your question, I'll restate my question to you for, what, the fourth or fifth time. Here goes. (can't wait to see what you come up with this time.):

You have stated on various threads that the FairTax will create instant inflation of upwards of 30% across the board in this country. Since such an event would be catastrophic my question is this: We have examined the work of many economists on these threads and no where is this addressed as a major catastrophic event. Why would the major economists omit such a dire event from the outcome?

Sorry all, I put it in bold because I wasn't getting anywhere in plain old Times New Roman. If anyone needs any further clarification of the question please let me hear from you. It seems very simple indeed but Rob can't seem to understand it so maybe I need to rephrase it.