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To: Taxman
FairTax is not a “lunatic theory!” If you’d do your homework, you’d come to understand that!

That you feel the need to conceal the sales tax rate - 30% - shows what a non-starter it is.

These single rate plans offer no advantages to normal people who benefit from progressive taxation.

That's right. I said it. You don't have to be a Bernie Sanders voter to understand that if the tax burden is flatter low and middle income people will have to pay more to produce the same revenues.

There are supply side arguments that extremely high progressive tax rates are counterproductive and lowering the rates can produce higher revenue but that doesn't apply here. It's hard to see how penalizing consumption will stimulate the economy. The plan doesn't work politically or economically.

253 posted on 04/18/2016 10:05:37 AM PDT by MaxFlint
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To: MaxFlint

Here is why the FairTax is needed: “77.5 million households do not pay federal individual income tax”

http://www.marketwatch.com/story/45-of-americans-pay-no-federal-income-tax-2016-02-24

Add that article to your, so far, ignored homework assignment!

MIttens got it right in 2012 when he talked about the “47%” who were takers.

With no skin in the game, these 77.5 million households will continue to vote themselves more “benefits” FRom the public treasury.

FairTax makes every American a stakeholder — we’ll all have skin in the game, and maybe, just maybe, we can get the USA back on the right track.

God knows we are not on it now!


254 posted on 04/18/2016 7:59:02 PM PDT by Taxman ((H. L. Mencken correctly observed: Government is actually the worst failure of civilized man.))
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