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2 Responses to “Fair Tax”

1. Mark C says:
   February 19, 2008 at 11:37 am

   I know about the fairtax, I’ve been studying it for a couple years now, and its a wonderful sounding theory.

   Too bad its based on two major farces. Farce 1) That fairtax can possibly make the government pay itself 10 cents in taxes, much less 500 billion. As crazy as it sounds, Fairtax depends on the government itself paying 400-600 billion to ITSELF in taxes.

   Fairtax would have the GOVERNMENT pay sales tax TO ITSELF on everything from submarines to MRE meals to aircraft carriers.

   I got news for ya — that’s baloney. Thats a king with no clothes.

   So thats 500 billion or so fairtax can’t collect, and that alone makes the real rate more like 35% — if there are no other mistakes or farces.

   Oh, but there are more farces. Here is one more.

   Fairtax pretends to be able to get 460 billion by taxing people on their health care cost. If patients could possibly pay this tax, it would be the biggest source of revenue for the government. Not even the high tax on gas and oil would be greater than the tax on medical cost.

   Can the government really collect 40,000 from a cancer patient on their sugery and chemo? Can the government really collect 100,000 in sales tax from the parents of a leukemia victim? Can the government really collect 30,000 in tax from an 80 year old stroke victim in a nursing home?

   No. So the 460 billion the fairtax pretends to be able to get, it wont be able to get.

   There goes that 35% tax rate to 45-50.

   With a 45% tax rate on new homes - will people just buy used homes instead? Yes. So that’s another market fairtax won’t get the revenue from. Now the tax rate is 55%.

   Will a 55% sales tax on gasoline and utlities have an effect on people?

   What will a 55% sales tax on food and rent do?

   Better think again about this fairtax./

   Don’t get me wrong, I would LOVE to watch this./

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